Telefonica Argentina to invest USD 3.7 bllion before end of 2018

Telefonica de Argentina has announced that its investment from 2016 to 2018 will total ARS 36 billion (around USD 3.7 billion). The primary focus will be on the modernisation of its fixed and mobile (3G and 4G) network infrastructure Earlier this year the company announced that its 2015 investment would amount to ARS 8.5 billion in total.

Announcing the three-year investment, Telefonica’s institutional relations director Jose Luis Rodriguez Zarco said the operator had already rolled out 28,000 kilometers of fibre-optic cable and installed more than 10,000 mobile base stations, 2,300 of which were 4G enabled. The company has a total of 1.5 million 4G customers across 17 provinces and will launch its voice over LTE (VoLTE) service in the first quarter of 2016.