MetroRed Telecomunicaodes (Brazil), which provides telecommunications services via optical fibers

May 1, 1998

MetroRed Telecomunicaodes (Brazil), which provides telecommunications services via optical fibers controlled by Fidelity Capital, Boston Ventures, and others, will invest $120 million over the next three years to start operations in Brazil. An initial investment of $25 million will lead to its first presence in Brazil this October in Sao Paulo. A sister company in Argentina operates a 50-km sdh fiber network there.

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