Chilean telco Entel has unveiled plans to invest a total of USD2.85 billion in its Chilean and Peruvian operations over the 2014-2016 period, BNamericas writes, citing Entel president Juan Huratdo. Of the total, USD700 million will be invested in Entel’s market each year whilst its Peruvian unit would see annual spending of USD250 million. The lion’s share – around 70% – of the company’s investment in Chile this year would be spent on the mobile segment, the president said, with a focus on increasing the number of 3G sites and improving coverage within buildings and enclosed areas. Hurtado went on, adding: ‘We’ve also said we would make a big push to roll out and reinforce our 4G network in the 2.6GHz and the recently awarded 700MHz bands.’ Entel also plans to increase its investment in fibre-optic infrastructure with a view to strengthening its offerings to SMEs, and has earmarked USD15 million for the first phase of a new data centre in Santiago.
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