GVT announces US$1.04 billion CapEx for 2011

摘要

Brazilian fixed-line and broadband operator Global Village Telecom (GVT), which is controlled by French media and telecoms conglomerate Vivendi, has revealed plans to invest BRL1.73 billion (US$1.03 billion) in 2011 to expand coverage in Rio de Janeiro. Under the plan, which constitutes a 23 percent rise on the BRL1.40 billion spent in 2010, GVT will spend BRL400 million in Brazil's second largest city between now and 2013, to roll out services covering half the city's population. In addition, GVT intends to launch a pay-TV offer later this year in the city of Sao Paulo.