VTR to invest USD155 million in 2009

5 May 2009

BNamericas writes that cableco VTR, backed by media conglomerate Liberty Global, plans to invest around USD155 million this year, similar to 2008 levels, and will bid for a 3G mobile concession. CEO Mauricio Ramos told the Reuters Latin American Investment Summit in Santiago that his company would finance its investment plans from cash flow. ‘We are going to maintain investment at similar levels to last year, when we invested around CLP90 billion (USD158 million),’ Ramos said. ‘We are going to maintain (investment) to prepare ourselves for when things pick up again.’ Ramos added that VTR is intent on winning a 3G licence: ‘We are very focused on the 3G project. We think it is very important for the future development of VTR in Chile,’ he said.

Chile, VTR