Telefonica plans to invest BRL24.3 billion (US$14.6 billion) in the Brazilian telecoms market by the end of 2014, according to chairman César Alierta.
The proposed expenditure is a 52 percent increase over the BRL16 billion it spent in the previous four-year period (2007-2010). The investment covers fixed and TV as well as Telefonica’s mobile networks in the country, and includes modernising existing infrastructure as well as building out to new regions.
Spending on operating licences and possible acquisitions are also lumped into the projection. A statement issued by Alierta said Telefonica’s aim was to “cover almost 100 percent of Brazilian municipalities with telephone and broadband Internet, with fixed or mobile technologies”.
The statement followed a meeting between Alierta and Brazilian president Dilma Rousseff. Including the latest announcement, total investment by the company in Brazil will reach BRL82 billion. Telefonica has a high-profile brand in Brazil.
Vivo, the country’s leading mobile operator which Telefonica took over last year, will expand its 3G network to cover 2,832 towns and cities by the end of 2011. Vivo said last month it plans to invest BRL3.48 billion this year, a 40 percent increase over 2010.
Telefonica paid EUR7.5 billion to Portugal Telecom to take control of Vivo last summer. It is integrating the mobile operator with Telesp, its fixed-line operator.
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