luni, 28 martie 2011

Brazil's GVT to invest $6 bln over 5 years -report

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* GVT says to spend 10 bln reais in Brazil over 5 years

* Company needs qualified workers to fuel expansion

SAO PAULO, March 28 (Reuters) - Brazilian telecommunications company GVT plans to spend 10 billion reais ($6 billion) over the next five years to boost coverage in Latin America's largest economy, the company's chief executive officer told a local newspaper on Monday.

"We don't have a limit to invest," CEO Amos Genish told newspaper Folha de S. Paulo.

The company plans to reach 80 new cities, for a total of 180 cities, at a cost of 10 billion reais over the next five years, according to the report.

But the company said it needs to find employees who specialize in building telecommunications networks, a concern in a country where a number of companies have complained about the lack of an educated workforce.

France's Vivendi (VIV.PA) in 2009 paid 7.7 billion reais for GVT, the fixed-line and data services carrier.

($1=1.658 reais)

(Reporting by Luciana Lopez, editing by Dave Zimmerman)


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* GVT says to spend 10 bln reais in Brazil over 5 years

* Company needs qualified workers to fuel expansion

SAO PAULO, March 28 (Reuters) - Brazilian telecommunications company GVT plans to spend 10 billion reais ($6 billion) over the next five years to boost coverage in Latin America's largest economy, the company's chief executive officer told a local newspaper on Monday.

"We don't have a limit to invest," CEO Amos Genish told newspaper Folha de S. Paulo.

The company plans to reach 80 new cities, for a total of 180 cities, at a cost of 10 billion reais over the next five years, according to the report.

But the company said it needs to find employees who specialize in building telecommunications networks, a concern in a country where a number of companies have complained about the lack of an educated workforce.

France's Vivendi (VIV.PA) in 2009 paid 7.7 billion reais for GVT, the fixed-line and data services carrier.

($1=1.658 reais)

(Reporting by Luciana Lopez, editing by Dave Zimmerman)


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