Telefonica Brasil sees investment of at least $7.2 bln thru 2017
SAO PAULO Aug 18 (Reuters) - Telefonica Brasil SA , the local unit of Spain's Telefónica SA, plans to invest at least 25 billion reais ($7.2 billion) between this year and 2017, according to a securities filing published on Tuesday.
Annual capital spending for this and next year at the São Paulo-based telecommunications firm should stay between 8.4 billion reais and 8.8 billion reais, the filing said.
($1 = 3.4799 Brazlian reais) (Reporting by Guillermo Parra-Bernal; Editing by Alden Bentley)
© Thomson Reuters 2016 All rights reserved.