Telefónica announced that the company will invest approximately U.S.$791 million (Bs3.4 billion) in its Venezuelan unit during 2013—an increase of 47% compared to 2012. The investment will focus on the installation of 1,525 nodes, tripling the company’s fiber deployment throughout the country and acquiring the necessary spectrum to provide LTE technology.
Telefónica estimates that this year it will have 4.2 billion smartphones connected through its network with more than 42% penetration in the Venezuelan market. Last year, the company said it led in the number of smartphone customers in Venezuela with more than three million users, which translates to a 20% penetration and a 55% share of the smartphone connection market in the country.
The carrier noted that over the last few years it has made a continued investment in Venezuela. In the last three years, it invested U.S.$1.3 billion (Bs5.6 billion). Of that amount, Telefónica invested U.S.$534 million (Bs2.3 billion) in 2012, 31% more than the previous year. Telefónica focused on infrastructure deployment and expanding its radio spectrum, which meant doubling the capacity of its data network and providing customers with a 66% increase in browsing speed.
Telefónica’s base for future LTE services includes an 85% increase in the number of nodes, a 139% increase in deployed sites and the installation of nearly 100 kilometers of optical fiber. The first trials were conducted in 2012.