Telcos will spend a billion in 2007

25 Jan 2007

The largest telecoms providers in Argentina have all weighed in with their CAPEX targets for 2007, with the total reaching ARS3.4 billion (USD1.1 billion), reports BNamericas, quoting state news service Télam. Telecom Argentina, the former monopoly telco in the north of the country, plans to invest ARS1 billion, half of which will go on improving broadband quality with the remainder going to cellular subsidiary Personal to start offering 3G services. Telefónica de Argentina has earmarked ARS1.6 billion for expansion of its mobile and broadband infrastructure and intends to splash ARS750 million on optimising its mobile network in readiness for a 3G launch. CTI Móvil, part of Mexico’s América Móvil, will be investing ARS831 million during the year, predominantly on 3G services.