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Telefonica to invest USD 250 mln in Chile this year

Friday 22 April 2016 | 09:28 CET | News
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Movistar Chile (Telefonica) is looking to invest around USD 250 million in its operations this year, with the focus firmly set on fibre-optic broadband expansion, Diario Financiero reports, citing the operator's CEO Roberto Munoz. The figure is around 13 percent lower than the previous year's investment but Munoz said the company wanted to stick to its plans in spite of the projected slowdown of the Chilean economy. Movistar Chile's fixed broadband segment accounted for 26 percent of the operator's revenues last year, some USD 287 million, with the company accounting for 43.1 percent of the

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