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General

Telefonica to invest USD 25 mln in Panama this year

Friday 23 March 2018 | 11:54 CET | News
Telefonica plans to invest a further USD 25 million this year in expanding its Movistar Panama business, reports business daily El Economista, citing the unit's general manager Marcelo Mouzo. The main focus of the operator, which has already invested some USD 600 million over the past 10 years, is to further extend the reach of its LTE network beyond the current 70 percent coverage rate, said Mouzo, adding that Movistar is looking to maintain its market share of 36 percent of the local mobile sector.

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Categories: General
Companies: Movistar Panama / Telefonica
Countries: Panama
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