Telefonica promises $1 billion to Brazil, and buys Jajah for $206 Million

By: 
Tim Wilson

Too bad Canada’s ultra strict Telecommunications Act forbids foreign ownership to non-Egyptian companies, otherwise we might be getting some of the hundreds of millions of dollars that Telefonica and Vivendi are putting into Brazil, and benefit from the fact that Telefonica beat out Microsoft and Cisco in its purchase of Jajah.

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