Claro, Movistar sign contracts for 4G coverage

19 Feb 2015

Following their recent agreement with the Ecuadorian government to purchase 4G LTE licences worth a total of USD330 million, mobile operators Claro and Movistar have signed state contracts to acquire their new 4G frequencies, valid until 2023, and invest in rolling out next-generation networks nationwide. As reported by Telesur, each company pledged to invest between USD800 million and USD1 billion over the next five years. Speaking at the signing of the contracts, Ecuadorean vice president Jorge Glas said the move is part of the government’s plans to steer the country ‘away from an economy focused on export, to an economy based on knowledge,’ while the contracts also cover the cellcos’ contributions to a telecoms fund aimed at ensuring that 4G technology is accessible for all, including rural and marginalised urban communities as well as educational institutions.