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Article: PhoneBrasil Announces $60 Million Joint Venture with Amitelo and Contract with Colombia Government for 5 Years.
- Article from:
- Business Wire
- Article date:
- September 11, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI -- PhoneBrasil International, Inc. (Pink Sheets: PHBR), announces a $60 million joint venture with AMITELO AG (Pink Sheets: AELOF) and a 5 year contract with the Government of Colombia.
PhoneBrasil announced today that it has entered into a joint venture with Amitelo AG. Under the terms of the joint venture, PHBR will provide the expertise necessary to develop and operate under a 5 year, $60,000,000 contract, a telecommunication program commissioned by the government of the Columbia. PhoneBrasil will not only develop and service the program but will provide the equipment, traffic as well as required communication minutes.
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