Chile’s Entel (Empresa Nacional de Telecomunicaciones S.A) said that it plans to invest about U.S.$700 million in its local operations during 2013. The amount is part of the U.S.$2.2 billion in investment the telecom operator expects to make during 2013-2015.
Telefónica Venezuela also announced new investments: the carrier is aiming to strengthen its presence in the Venezuela’s central region by investing more than U.S.$79.5 million (Bs.500 million). The investment is expected to result in the deployment of 37 new cells, increasing the company’s bandwidth and expanding its 3G network.
Telefónica sells assets—The Spanish telecom group has reached an agreement to sell part of its assets in El Salvador, Guatemala, Nicaragua and Panama. The transaction’s value is estimated at U.S.$500 million. The sale is part of Telefónica’s policy to proactively manage its portfolio, assets and initiatives to increase financial flexibility.