UPDATE 1-Telefonica Brasil vows to keep pace of annual investments
October 18, 2016 at 12:16 PM EDT
SAO PAULO, Oct 18 (Reuters) - Telefónica Brasil SA , the nation's biggest phone carrier, will keep investing about 8 billion reais ($2.5 billion) annually, outgoing Chief Executive Officer Amos Genish said on Tuesday, bucking a trend of smaller capital spending among rivals in Latin America's largest economy.