Movistar Chile has unveiled plans to invest USD500 million in developing its fibre-optic broadband access network this year, to meet growing demand for data services. The operator says that it will transition into a ‘full video and internet company’ over the next three years and is expecting to connect around 900,000 customers to fibre-optic access networks by the end of 2019 – compared to its current figure of around 500,000 households. Explaining the company’s decision, CEO Roberto Munoz noted that growth rates in the mobile sector are shrinking, whilst the rate of the expansion in the fixed sector is expanding, fuelled by demand for internet and video services, adding that since 2012, video content made up around two thirds of Movistar’s data traffic across all networks.
In addition, the operator said it is looking to boost the number of customers using its over-the-top (OTT) video on demand (VoD) platform Movistar Play from 110,000 to more than 300,000 by the end of 2016. Elsewhere, Movistar confirmed that it will be halting its investment in 3G networks to concentrate on the rollout of a full, nationwide 4G network over the next three years. Movistar currently serves around one million LTE customers, and is looking to bolster that figure to 1.5 million by the end of the year.