Movistar focuses on GSM investment

7 Sep 2005

Argentine wireless market leader Movistar plans to spend a total of ARS450 million (USD155 million) this year on expanding its services. The Telefónica Móviles subsidiary has already invested ARS250 million, a large chunk of which covered the installation of 800 new GSM base stations across the country. It intends to add 330 additional base stations, mostly in areas where its GSM services are not yet available. Movistar has not revealed any plans to shut down its CDMA network but says it is firmly focused on the expansion and improvement of its GSM platform. At the end of June it claimed 6.731 million subscribers, up from 5.941 million three months earlier.