Telefónica to spend USD600 million in Mexico

20 May 2004

Telefónica says it plans to invest USD600 million in its Mexican mobile network during the current year to boost its service coverage from the current 112 cities, or 50% of the population, to 230 cities by the end of 2004. Telefónica president César Alierta said the expansion demonstrates the ‘strategic importance’ of the Mexican mobile market.