Vivo seeks loan of $187 million for network expansion (Brazil)
Vivo, the Brazilian mobile operator seeks a financial assistance of up to BRL389 million (USD187 million) from the government owned bank BNB. THe loan taken will reportedly be given by BNB’s northeastern financing fund FNE-Proinfra. Vivo will utilize the loan for the expansion of it’s coverage in Bahia, Sergipe, and Maranhao. It’ll further deplo it’s networks to Piaui, Ceara, Rio Grande do Norte, Paraiba, Pernambuco and Alagoas.
