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 Tuesday, June 15, 2010

Brazil's largest mobile operator by subscribers, Vivo Participacoes, yesterday announced ambitious plans to extend its broadband coverage to 85% of the population by the end of 2011. The cellco intends to reach 2,832 municipalities by that date, up from the current 600, by using monies set aside in this year’s BRL2.49 billion (USD1.37 billion) CAPEX fund. In a press release Vivo CEO Roberto Lima said: ‘The plan is ambitious but will be completed. Our objective is to rapidly expand our third-generation coverage.’

Source: TeleGeography