March 12, 2018 / 11:00 AM / in 3 months

Telefonica Brasil outlines 26.5 bln reais investment plans

SAO PAULO, March 12 (Reuters) - Telefonica Brasil SA aims to invest 24 billion reais ($7.37 billion) on its mobile and fixed network up to 2020, Brazil’s largest telecommunications firm said on Monday.

It plans to invest a separate 2.5 billion reais on accelerating the expansion of its fiber optic network, the company said in a securities filing.

$1 = 3.25 reais Reporting by Gram Slattery; editing by Jason Neely

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