Claro Chile to invest USD2 billion over next four years

14 Apr 2011

America Movil’s Chilean unit Claro has revealed that it plans to invest USD2 billion during the next four years as it seeks to expand its international voice and data networks. The company says it will also roll out 450 kilometres of fibre-optic cables and increase coverage in rural areas.

According to TeleGeography’s GlobalComms Database, Claro Chile finished 2010 as the third largest cellco by subscribers, with 22.9% of the market, and the third largest broadband operator by retail subscribers, with an 8.8% share. In July 2010 it was announced that Telmex Chile would merge with Claro Chile to form a company which offers triple-play services under the group’s preferred brand Claro. The merger followed America Movil’s acquisition of sister company Telmex Internacional and 99.44% of Carso Global Telecom, in a move designed to consolidate the telecoms holdings of Carlos Slim, the Mexican billionaire owner.

Chile, Claro Chile, Telmex Chile