Telecom Argentina issues CAPEX forecast

11 Nov 2008

BNamericas reports that Telecom Argentina expects total CAPEX for 2008 to reach approximately ARS1.7 billion (USD514 million), equivalent to 15% of consolidated revenues for the year. Speaking in a recent conference call, the company’s COO Franco Bertone indicated that the spending has been earmarked for the expansion of fixed line network capacity, increasing broadband infrastructure and boosting 3G coverage.

Argentina, Telecom Argentina (incl. Cablevision)