Vivo Gives Network Contract to Ericsson

Brazilian telecoms operator Vivo has awarded a 400 million euro ($506 million) contract to build a mobile phone network to Ericsson of Sweden and China's Huawei, a source close to the process said on Friday.

Vivo, a joint venture between Spain's Telefonica and Portugal Telecom, has around 28.5 million clients in Brazil.

Copyright 2006 Reuters Limited.

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