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By Nathan Allen
Telefonica SA's (TEF.MC) Brazilian subsidiary will invest 26.5 billion reais ($8.13 billion) in the country between 2018 and 2020, the company said on Monday in a regulatory filing.
The company said around BRL24 billion is earmarked for upgrading and expanding its mobile and fixed networks in the country, while the remaining BRL2.5 billion will be invested in expanding its Brazilian fiber-optic network.
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(END) Dow Jones Newswires
March 12, 2018 13:16 ET (17:16 GMT)
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