UPDATE 2-Telefonica Brasil to keep capex roughly flat after 5G profit hit

Home Page : Archive News : February 2020 News : UPDATE 2-Telefonica Brasil to keep capex roughly flat after 5G profit hit
UPDATE 2-Telefonica Brasil to keep capex roughly flat after 5G profit hit
February 20, 2020 SAO PAULO, Feb 19- Telefonica Brasil SA, the country's largest wireless carrier, aims to keep capital spending at levels similar to last year, executives said on Wednesday, after investments to prepare for fifth-generation mobile technology weighed on earnings. "Our ceiling is 9 billion reais but we expect our capex to be lower than that in 2020 as we become more... Source: https://www.cnbc.com/2020/02/19/reuters-america-update-2-telefonica-brasil-to-keep-capex-roughly-flat-after-5g-profit-hit.html