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 Wednesday, April 14, 2010
An investment of USD284 million has been expected by the Argentine mobile unit of Spanish telecoms heavyweight Telefonica, Movistar in its networks and services this year. The major portion of the total amount is decided to be kept aside for the expansion of the company’s 3G network infrastructure.

Spanish telecoms giant, Telefonica owns 100% of Movistar Argentina.

According to the company, its UMTS infrastructure currently covers 350 municipalities across the country and serves over 600,000 mobile broadband subscribers, out of a total user base of more than 16 million.

Source: Wireless Federation.