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Telecom Argentina suspends 2020 capex rise due to Covid-19

Tuesday 19 May 2020 | 12:07 CET | News
Telecom Argentina has been forced to suspend a USD 100 million increase in its capital expenditure for 2020 as a result of market turmoil prompted by the coronavirus (Covid-19) pandemic, reports BN Americas, citing CEO Carlos Alberto Montini. The operator has decided to cut its 2020 capex to USD 500 million from the USD 1.1 billion it invested in 2019, revealed Montini following the publication of its first quarter results.

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Categories: General
Companies: Personal Paraguay / Telecom Argentina
Countries: Argentina
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