Telefonica Brazil to invest USD 1.9b

www.WirelessFederation.com/news: BRL 3.5 billion is planned to be invested by Telefonica in Brazil throughout this year. BRL 2.3 billion of the total amount will go to Telefonica’s Brazilian fixed-line operator, Telesp.

Telefonica’s other units in Brazil, including internet portal Terra, call centre services provider Atento and mobile phone company Vivo will receive the remaining CAPEX.