Telefonica to invest 15 bln reais in Brazil 2007-10 http://today.reuters.com/news/articleinvesting.aspx?type=companyNews&storyID=2007-01-17T205723Z_01_N17339298_RTRIDST_0_TELEFONICA-BRAZIL-INVESTMENT-URGENT.XML
Wed Jan 17, 2007
BRASILIA, Jan 17 (Reuters) - Spain's Telefonica (TEF.MC: Quote, Profile , Research) will invest roughly 15 billion reais in Brazil from 2007 to 2010, expanding and upgrading its fixed line, mobile, Internet and call center services, the company said in a statement on Wednesday.
The company has already invested 28.9 billion reais in Brazil since first entering the market in the late 1990s. Company made the announcement as its Chairman Cesar Alierta was meeting with Brazil's President Luiz Inacio Lula da Silva in Brasilia on Wednesday.
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