Venezuelan operators commit to invest USD 110 mln

Wednesday 13 July 2016 | 14:30 CET | News
Venezuelan mobile operators Movistar (Telefonica), Digitel and Cantv-Movilnet have signed a joint commitment to invest VEF 70.27 billion (around USD 110 million) in the country's telecommunications and IT sector, reports Telesemana. The capital injection is intended to boost a market strongly impacted by the country's ongoing currency crisis, with numerous operators, including Telefonica and Digitel, announcing the suspension of their international long-distance and roaming services in Venezuela. Movistar pledged to invest some VEZ 60 billion, with Digitel and Cantv-Movilnet committing VEF

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Categories: Mobile & Wireless
Companies: CANTV / Digitel / Movilnet / Movistar / Telefonica
Countries: Venezuela
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