Chilean telecoms group Entel has unveiled plans to invest USD3.5 billion by the end of 2020, La Tercera reports, citing CEO Juan Hurtado. According to the official, more than half of the investment will be used to modernise and expand the operator’s infrastructure in Chile, whilst around 30% of the funds will be used to develop the infrastructure of its Peruvian division, as well as potentially acquiring new licences. ‘This five-year investment plan is ambitious and will be sustained by our own resources … national and foreign funding and a capital increase,’ Mr Hurtado explained. Entel’s shareholders are due to vote shortly on a capital increase of USD540 million.
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