SAO PAULO: Brazilian telecommunication company GVT plans to spend 10 billion raised ($6 billion) over the next five years to boost coverage in Latin America's largest economy, the company's chief executive officer told a local newspaper on Monday.
"We don't have a limit to invest," CEO Amos Genish said.
The company plans to reach 80 new cities, for a total of 180 cities, at a cost of 10 billion raised over the next five years, according to the report.
But company said it needs to find employees who specialize in building telecommunications networks, a concern in a country where a number of companies have complained about the lack of an educated workforce.
France's Vivendi in 2009 paid 7.7 billion raised for GVT, the fixed-line and data services carried.
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