Movistar Venezuela announced an outlay of VEF449 million (USD71.3 million) to upgrade its network in the Eastern Region; the company said it had already carried out 51 separate upgrades to improve networks in the Eastern Region states of Anzoategui, Sucre and Nueva Esparta, and is expected to complete another 110 upgrades by year’s end. According to a report by TeleSemana, the upgrades will enable a 50% increase in voice capacity and a 44% increase in broadband data capacity in the region. Company president Pedro Cortez noted that so far this year the company had invested VEF100 million across the three aforementioned states. On a nationwide level, CommsUpdate reported in June that Movistar Venezuela was looking at an additional spending plan of VEF1.3 billion, following April’s approval of a 78% increase in its annual CAPEX budget to VEF3.9 billion excluding an additional VEF600 million earmarked for acquiring mobile broadband spectrum.
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