Vivo is still interested in acquisitions of fiber networks, says president

by Andrea
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São Paulo (Reuters)-Telefonica Brasil, which operates in the country under the living brand, is still evaluating potential targets for the acquisition of fiber optic and expansion networks in the areas of financial services, health, education and electronics, said the president , Christian Gebara, this Wednesday.

“In fiber, we are always looking, but we do not reach any assets that can be interesting from the point of view of network and overlap with our network,” said the executive, in an interview with journalists after

The executive also cited as criteria for acquiring the quality of the target network of the interest of the company versus the cost of building its own infrastructure.

Vivo is still interested in acquisitions of fiber networks, says president

“The market has a very large fiber fiber fragmentation. We have more than 7 million customers and less than 20% market share, which gives us the great possibility of being a consolidating agent, ”said Gebara.

Asked about the progress of the company’s migration process to an authorization regime, which does not require the group of investing in technologies such as fixed voice services, the executive said the company is “in the final formalization of the agreement” announced in mid December with the National Telecommunications Agency (Anatel), the Federal Court of Accounts (TCU) and the Union.

According to him, the company will begin this year the process of migration of 1.2 million customers of voice services in copper networks to other technologies. “These are accesses that we will have to give alternative (to the customer), which can be the fiber in various locations,” said the president of Vivo.

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“Once we migrate customers we will have the extraction and sale of thousands of tons of copper,” said Gebara, citing that migration will allow the company’s size to reduce the size of company telephone centers, which should generate benefits that include reduction or cancellation of spaces for the spaces for the facilities.

“The focus is on increased mobile coverage, becoming the page of an obsolete service and without demand that is voice service,” said the executive.

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