Company COO Christian Gebara said in a conference call with analysts and investors that the company's capex guidance for this year is again around 8bn reais (US$2.5bn).
Facing growing competition from Google Maps and Waze, the Israeli-based service, which works with a unified public transit guide, received a Series D round led by Intel Capital.
Gidi worked in digital marketing for DirecTV Latin America and Chile, as well as state broadcaster TVN.
The expansion is part of a 500mn-peso investment outlined the full year.
The exposure of global banks appears to remain limited.
Advocated by operators and the telecom industry in general, the overhaul bill changes Brazil's 1998 general telecommunications law by allowing fixed-telephony concession holders to migrate to the private regime, which is less demanding on coverage and price controls.
Entel and Bitel saw market share gains of 3.5 and 3.7 percentage points to 16.3% and 13.5%, respectively, while Movistar and América Móvil's Claro lost 6.5 and 0.6 percentage points, giving them 38.0% and 32.0%.