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Telefonica to Invest
Heavily in Latin American DSL Market
Press Release - June 7, 2007
Spanish telecom incumbent, Telefonica SA, is planning to invest over
€10 billion in Latin American markets over the next two and a half
years, according the company’s chairman, Cesar Alierta.
Broadband usage in Latin America has grown at an annual rate of 85%
for the past several years, driven primarily by the implementation of
ADSL technology.
Telefonica is a “leading driver” in the Latin American ADSL, and has
signed up over 4 million clients in the region, according to the
company’s recent Digiworld Latin America report.
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