TdA plans ARS10bn investment in 2012-14

16 Dec 2011

Following on from total investment of ARS2.6 billion (USD607 million) this year, Argentine incumbent telecoms operator Telefonica de Argentina (TdA) plans to spend ARS10 billion between 2012 and 2014 to prepare for the sales growth with increased broadband and telecommunications capacity. According to a report by Dow Jones, which cites a company statement, TdA expects fixed broadband internet revenue to increase 30% next year, while sales from its mobile internet service could grow by as much as 80%. TeleGeography’s GlobalComms Database states that TdA, the Argentine unit of Spanish telecoms giant Telefonica, has been the country’s leading broadband provider by subscribers for a number of years, but is closely shadowed by fellow incumbent Telecom Argentina. At the end of September 2011 TdA claimed 1.657 million ‘Speedy’ ADSL fixed broadband subscribers (up 13% year-on-year), corresponding to a roughly 35.3% share of the market, compared to Telecom Argentina with 33.9%. At the same date, TdA’s mobile unit Movistar has roughly 1.5 million mobile internet customers.

Argentina, Telefonica Argentina (Movistar), Telefonica Moviles Argentina (Movistar)