Spanish telecoms giant Telefonica said it plans to invest ARS4.5 billion (USD983 million) in it Argentine unit this year to boost its network and launch new digital services. ‘This investment aims to contribute to the growth of distinct sectors of the economy, given that communications is a key to the country’s competitiveness,’ Dow Jones cites Telefonica president Luis Blasco Bosqued as saying in a statement. The funds will be spent on the expansion of its Movistar-branded mobile network, increasing capacity of its fixed broadband infrastructure, the roll out of its fibre-optic network to corporate and business customers and the launch of new digital services. Telefonica will install more than 1,000 new radio bases around the country and improve its offer of pre-paid services. Moreover, the firm expects to reach five million fixed broadband, mobile internet and data transmission subscribers by the end of the year.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors