Telefónica targets SMEs with EUR139m broadband investment

3 Aug 2006

Spanish telecoms giant Telefónica Group says it will invest EUR139 million (USD177 million) in expanding broadband services for small and medium-sized enterprises (SMEs) across Latin America. Telefónica will make the investment through its corporate services unit Telefónica Negocios. Negocios has nearly 1.5 million customers in Argentina, Brazil, Chile, Colombia, and Peru.