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IBD Features PhoneBrasil International, Inc. (PHBR.PK) as the Company Announces $1.2 Billion Agreement

PhoneBrasil International announced that it has signed an approximated $1.2 Billion agreement with CityNet Wireless to build the first WiFi Platform for Brazil. The project is expected to take two years to complete.

Anderson Dias stated, “One of our Shareholders, our European Director of Market Development, “Richard Alain Granier”, has facilitated this entire agreement between PhoneBrasil and CityNet as well. Having already received the approval from both parties legal counsel, final Agreement will be signed and in place next month. This WIFI network will literally cover most major metropolitan cities, areas, states, and territories of Brazil.”

The new technology will also give existing PhoneBrasil customers a way to connect with their computers, laptops, VOIP networking devices, and Hybrid cellular dual mode communication interfaces anywhere they are.

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