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Telefonica Brasil to maintain BRL 8 billion/year investments

Wednesday 19 October 2016 | 15:38 CET | News
Telefonica Brasil/Vivo will continue investing BRL 8 billion per year in Brazil, according to CEO Amos Genish, reports Reuters. He said that the company plans to transform itself into a digital services platform, due to the drop in revenues from voice services. Genish stressed that Telefonica Brasil will diversify its revenue sources and continue implementing cost-cutting measures to improve profitability and dividends.

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Categories: Fixed
Companies: Oi / Telefonica / Telefonica Brasil / Vivo
Countries: Brazil
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