The chairman of Spanish telco Telefónica has announced that the company plans to invest EUR3 billion on the development of its high speed DSL businesses over the next five years. Cesar Alierta also told a telecoms conference in Spain that the company’s Mexican subsidiary will ‘probably’ launch DSL services later this year. High speed services are already available via the company’s operations in Brazil, Argentina, Chile and Peru.
Telefónica has already spent EUR2 billion deploying DSL technology in its domestic market and broadband services contributed EUR391.6 million to group sales in the first half of the year, up 57% on the same period last year. The operator claimed more than 2.04 million DSL customers in Spain at the end of June, with an additional 1.01 million across Latin America and almost 600,000 via its subsidiary in Germany.