LTE expansion is primary goal of investment
Spanish group Telefónica has announced two major investments in Peru and Argentina. The Telco confirmed that it will invest approximately $2 billion in 2015-17 to deploy telecom infrastructure throughout Peru.
During a visit to the country, César Alierta, Telefónica’s president, reinforced the company’s commitment to improve Peruvian information and communication technology infrastructure.
Over the past 20 years, Telefónica has invested about $8.5 billion to deploy telecom infrastructure in Peru, which has led the Spanish group to count 52 million mobile lines.
Currently, Telefónica manages a 10,000-km fiber optic network with the goal to expand. Since last year, Telefónica has offered 4G LTE services and now tallies 900,000 subscribers to the technology.
As to Argentina, Telefónica announced that has set an investment plan of $941 million for 2015, mainly focused on expanding its fixed and mobile networks, as well as deploying new products and services.
The expansion 4G LTE expansion is a primary thrust of the investment. Telefónica has already deployed the fourth generation of telecommunications technology in 12 provinces, covering about 100 locations, including over 80% of the city of Buenos Aires.
The plan also aims to increase the number of radio base stations with LTE, jumping from today’s 1,000 to 1,850 antennas by December. Telefónica counts 500,000 customers using its 4G LTE services.
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