Telvenco outlines USD250 million spending plan for Digitel

30 May 2006

Telvenco, the new owner of Venezuela’s third largest cellco Digitel, has revealed plans to invest USD250 million to expand the operator’s market share. Telvenco, controlled by Venezuelan businessman Oswaldo Cisneros, this week completed a deal to purchase Digitel from Telecom Italia for USD425 million, and is aiming to increase the unit’s subscriber base to about three million customers by the end of this year, up from a current base of around two million.

Venezuela, Digitel