Telefonica to invest USD 500 mln to develop Mexico ops

Friday 22 June 2012 | 11:02 CET | News
Movistar Mexico plans to invest over MXN 7 billion (approximately USD 500 million) in 2012 to increase coverage and service quality, news agency EFE reports, citing Juan Antonio Abellan, CEO of Telefonica's Mexican operations. Accumulated investment over the company's 11 years in Mexico, including the purchase of mobile operations and outlays to expand infrastructure and other services, amounts to USD 12 billion, Abellan added. Movistar Mexico has not yet set its capex for 2013. Telefonica claims a 22 percent mobile market share in Mexico, its network covering around 90 percent of the

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Categories: Mobile & Wireless
Companies: Movistar Mexico / Telefonica- Movistar
Countries: Mexico
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