Movilnet earmarks USD260 million in 1H

21 Mar 2006

Venezuelan mobile operator Movilnet plans to invest USD260 million in the first half of 2006, reports BNamericas. The CANTV subsidiary revealed its plan on the back of an announcement that it signed up two million new customers in 2005 to reach a total of five million users, improving its market share by around five percentage points to finish the year behind market leader Movistar with 5.5 million subscribers.

Venezuela, Movilnet