Brazil's Telefonica close to engaging investor for fiber optics venture

Telefonica Brasil, SA

24/02/2021 13:36

SAO PAULO, Feb 24 (Reuters) - Brazil's Telefonica Brasil SA
 VIVT4.SA , a unit of Spain's TEF TEF.MC , is in advanced
negotiations with a large international financial investor for
the construction of a neutral and independent fiber optics
network, it said in a securities filing late on Tuesday.
    The joint venture will accelerate the expansion of the fiber
network to new locations, the company said. The investor's name
was not disclosed.

 (Reporting by Ana Mano)
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