Claro Dominicana outlines DOP35 billion investment plan

17 Feb 2015

The Latin American telecoms group America Movil says it will invest almost DOP35 billion (USD768 million) in its Claro-branded operation in the Dominican Republic over the next three years. According to a report from El Caribe, which cites Claro Dominicana’s president Oscar Pena, investment will total DOP11.65 billion in 2015 as the firm looks to expand its 4G Long Term Evolution (LTE) services. Claro currently leads the country’s mobile market, with around 5.24 million subscribers and a 55.6% market share at the end of September 2014, according to TeleGeography’s GlobalComms Database. The operator says it has invested DOP82.86 billion in the Dominican Republic since acquiring the assets of Verizon Dominicana in 2006.

Dominican Republic, Claro Dominicana (Codetel)