Brazil's Mobile Operator Vivo Reaches 25 Million Subscribers

MADRID -(Dow Jones)- Spanish mobile phone operator Telefonica Moviles SA (TEM) said Wednesday its joint venture Vivo has reached 25 million subscribers in Brazil.

In a press release, Moviles said the figure makes Vivo the largest South American operator.

Moviles is 93%-owned by telecommunications giant Telefonica SA (TEF).

Brazil represents 36% of Telefonica SA's customers worldwide and 17% of its revenue.

Vivo is jointly owned by Moviles and Portugal Telecom SA (PT).

Company Web site: http://www.vivo.com.br

-By David Roman, Dow Jones Newswires, 34 913958125, david.roman@dowjones.com

(END) Dow Jones Newswires "

Posted to the site on 27th October 2004