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General

Telefonica ups Argentina investment to USD 2.6 bln by 2020

Tuesday 6 February 2018 | 10:56 CET | News
Telefonica Argentina has responded to a recent announcement by rival Telecom Argentina with a commitment to invest ARS 50.7 billion (around USD 2.6 billion) in the country over the 2018-20 period, reports iProfesional. The company's ARS 38.7 billion three-year investment programme for the 2017-2019 period has in turn increased to ARS 43.9 billion, said the report, adding that Telefonica is funding a major infrastructure push in 4G and fixed broadband infrastructure as it waits for the government to give the go-ahead to its move into the multi-play services sector.

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