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General

Telecom Argentina to invest USD 5 bln in network expansion

Thursday 1 February 2018 | 10:13 CET | News
The board of Telecom Argentina has approved a three-year programme to invest USD 5 billion to expand and improve its mobile network and NGN infrastructure with a view to moving into the convergent market as the local telecommunications sector opens up. In a statement, Telecom Argentina said it would invest USD 1.3 billion in 2018 alone, funding the infrastructure push via various financial instruments. It also announced the payment of around ARS 13 billion in dividends for the fiscal year ending 31 December 2016 and of interim dividends for the 9-month period ending 30 September 2017.

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Categories: General
Companies: Cablevision / Telecom Argentina
Countries: Argentina
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