Movistar Venezuela has announced plans to invest 2.3 billion bolívars (US$535 million) upgrading its network during 2012. In addition to deploying an additional 230 base stations, the company will upgrade a further 860 base stations to HSPA+ capability.

The company also confirmed that it has been granted an additional 20Mhz block of spectrum in the 1900Mhz band.

The company added though that it is still working with the regulator on finalising its LTE deployment options.

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