Chilean firm to invest USD400m on 4G

1 Oct 2013

Americatel Peru, a subsidiary of Chilean telco Entel, will spend more than USD400 million over the next ten years on the deployment of 4G networks to 200 districts, Reuters writes, citing Jesus Guillen, a senior official from the government’s Agency for the Promotion of Private Investment (ProInversion). Americatel was yesterday officially awarded the 4G concession it won at auction in July this year and must now submit technical proposals for its rollout to authorities, who have six months to approve the plans. Guillen noted that the districts currently targeted by Americatel are predominantly tourist areas. In addition to purchasing the 4G concession, TeleGeography’s GlobalComms Database notes that in August this year, Entel also completed a takeover of Nextel del Peru from US firm NII Holdings.