Telefonica plans ARS10bn investment in wireless, broadband

19 Dec 2012

Spanish telecoms group Telefonica plans to invest ARS10 billion (USD2.04 billion) in its Argentine business over the next two years, with the aim of boosting its wireless and broadband networks in the country. Dow Jones Newswires cites a company statement as saying that the firm plans to establish a further 1,000 fibre-optic nodes in order to offer 40Mbps broadband to residential customers, and to facilitate direct fibre connections for business and government clients. In a bid to meet rising consumer demand for wireless services, mobile unit Telefonica Comunicaciones Personales Argentina (operating under the Movistar brand) plans to boost voice and data transmission capacity by increasing its nodes by 80% to 7,500. TeleGeography’s GlobalComms Database states that Movistar is Argentina’s third largest mobile operator by subscribers, with a customer base of 17.3 million at 30 September 2012, just behind market leader Claro with around 20.1 million and Telecom Personal with 18.9 million. In the fixed broadband market, however, Telefonica de Argentina is the leading operator in terms of subscribers, reporting over 1.7 million customers at the end of Q3 2012.

Argentina, Telefonica de Argentina, Telefonica Moviles Argentina (Movistar),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share