Articles tagged with: European Investment Bank and Portugal Telecom

European Bank Lends to Brazilian Operator for GSM Overlay

The European Investment Bank (EIB) has provided a EUR250 million loan to Brazil's Vivo for the establishment of its GSM overlay network in the country. The project concerns the design, installation, commissioning and operation of a GSM overlay network operating in the 850 MHz frequency range in Brazil, together with the related investments in infrastructure, Operational Support Systems and IT systems, in order to support Vivo's strategic migration from a CDMA based network to a GSM based network.  more

Related Tags: european-commission, telefonica, eu, vivo, Brazil

Vivo approves US$360mn loan from EIB for network expansion

The EIB's terms are 0.6% above the DI overnight rate, running for nine years. The EIB offered Vivo the loan on September 27. more

Related Tags: telefonica, vivo, Brazil