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VIV - Telefonica Brasil SA News Story

$7.98 0.2  2.7%

Last Trade - 05/03/21

Sector
Telecoms
Size
Large Cap
Market Cap £13.02bn
Enterprise Value £13.97bn
Revenue £5.48bn
Position in Universe 617th / 6651

Telefonica working on fibre units in Brazil, Chile, COO says

Thu 29th October, 2020 11:16am
MADRID, Oct 29 (Reuters) - Spain's Telefonica  TEF.MC  is
working on finding partners to create fibre vehicles in Brazil
and Chile, Chief Operating Officer Angel Vila said after the
company set up a joint venture in fibre with Germany's Allianz
 ALVG.DE .
    Vila said on a conference call that the Brazilian venture
had entered a second round of offers from potential partners and
was "progressing nicely", while in Chile the company was "in the
process of potentially bringing investors" into the project.  

 (Reporting by Isla Binnie; Editing by Nathan Allen)
 ((isla.binnie@thomsonreuters.com; +39 06 8522 4392; Reuters
Messaging: isla.binnie.thomsonreuters.com@reuters.net))
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