Telefónica to invest €6.6bn in Brazil
March 13, 2018
From David Del Valle in Madrid
Spanish telco Telefónica aims to replicate Spain’s Movistar model in Brazil through its massive deployment of optic fibre.
The company intends to invest €6.6 billion in the country between this year and 2020, out of which €622 million will be dedicated to extending optic fibre.
The president of Telefónica Brazil, Eduardo Navarro, said that optic fibre will be “the main driving force of the growth of the company” in the market.
Other posts by :
- Starlink: 10m customers and counting
- SES predicts end of ‘big’ Geo satellites
- Amazon Leo gets approval for 4,504 extra satellites
- SpaceX gets a portion of India
- TerreStar wants to build LEO network
- Musk: “No Starlink phone”
- Russia accused of eavesdropping on satellites
- FCC welcomes Musk’s 1m satellite plan
- Telesat has problems with an LEO