Telefonica Brasil in Talks to Sell Network Space to Virgin
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Telefonica Brasil SA is in talks to sell network capacity to Virgin Mobile as it seeks to tap Brazil’s wireless reseller market, which it forecasts will grow to 30 million subscribers in five years.
Virgin Mobile, a unit of U.K. billionaire Richard Branson’s Virgin Group Ltd., is one of 30 companies in negotiations with Telefonica Brasil, said Victor Czarnobay Jr., Telefonica’s wholesale director, in an interview from Sao Paulo yesterday.