Telefonica invests USD100m over three years

18 Mar 2014

A three-year project to refurbish Spanish telecoms group Telefonica’s network in El Salvador is due to come an end this year, with investment reaching more than USD100 million. Elsalvador.com cites Telefonica El Salvador’s director Lucia Mora as saying that annual spending has totalled around USD40 million over the three-year project to modernise base stations, remodel the company’s retail outlets and upgrade the transmission network. Meanwhile, Hans-Holger Albrecht, CEO of market leader Millicom (Tigo), was reported as saying that his company has spent around USD2 million per week in its Salvadoran operations since 2012. Investment has been mainly focused on data services, including the cellco’s 3G networks, as well as mobile financial services and satellite phones.

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