Telefónica earmarks USD1 billion for Mexico – if reforms go through

10 Feb 2005

According to BNamericas, Spain’s Telefónica plans to invest USD1 billion in Mexico in the next three years, but only if reforms to the country’s telecoms laws to guarantee a level competitive playing field are carried through. If the investment goes ahead, it will bring Telefónica’s total spending in Mexico to USD4.5 billion.

Mexico, Telefonica