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 Thursday, April 03, 2008

Entel, Chile's largest telecoms company, has said it plans to invest USD350 million in infrastructure in 2008, a 25% increase on the previous year, with up to 70% of the capital expenditure being channelled into its wireless arm Entel PCS. Felipe Ureta, Entel's corporate finance manager, told the Reuters Latin America Investment Summit in Santiago: ‘It will be a year of high investment. Clearly all this investment stems from demand and will satisfy significant requirements of new services that are appearing, both in mobile and fixed line communications.’ The investment plan for this year will be self-financed from company cash flow, he added.

Source: TeleGeography.