1 de noviembre de 2016 / 12:42 / hace 10 meses

Brazil's TIM reaffirms 12.5 bln reais investment plan

SAO PAULO, Nov 1 (Reuters) - Tim Participacoes SA , Brazil's second largest wireless carrier, on Tuesday reaffirmed its plans to invest 12.5 billion reais ($3.9 billion) during the 2016-2018 period.

Speaking on a conference call to discuss third quarter results, Chief Executive Officer Stefano De Angelis said TIM will extend its 4G network to 1,000 Brazilian cities this year, a 24 percent increase from 2015.

$1 = 3.2000 reais Reporting by Ana Mano; Editing by Chizu Nomiyama

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