Movistar pledges to invest USD270m in Venezuela

Movistar Venezuela has unveiled plans to invest USD270 million in the expansion of its mobile networks over the next two years. Company president Jose Luis Rodriguez Zarco commented: ‘We are aware of the responsibility we have as a telecommunications company. Our economy has been showing signs of reactivation and we want to be part of that recovery – grow and go at the pace that our capacity allows. We are recovering, reversing a stage of low investment in recent years. Even so, we still have a long way to go and a lot of effort to make.’ To date, Movistar offers 4G+ coverage in a total of 57 cities across the country.