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Corrected- Telefonica Brasil to invest 24 bln reais to expand 4g and fiber networks
November 21, 2016 / 10:27 AM / a year ago

Corrected- Telefonica Brasil to invest 24 bln reais to expand 4g and fiber networks

(Corrects company ric)

SAO PAULO, Nov 21 (Reuters) - Telefonica Brasil SA expects to invest 24 billion reais ($7.11 billion) from 2017 through 2019 to expand 4G coverage and fiber networks, the company said on Monday in a securities filing.

The amount does not include investments in new operation licenses, Telefonica Brasil added. A new chief executive officer, Eduardo Navarro, is at the helm of Brazil’s largest phone carrier since last week. ($1 = 3.3773 reais) (Reporting by Tatiana Bautzer)

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