Telefonica Will Invest $ 15 Million in El Salvador

Next year the company will invest in modernizing its IT systems.

Wednesday, November 24, 2010

The requested budget for 2011 by Telefonica El Salvador to its parent company is $ 30 million. Hernán Ozon, director of Telefónica El Salvador, thinks it will be difficult to get the entire amount approved.

If the $ 30 million is approved, the surplus would be used to improve coverage.

According to Ozón "the company also wants to promote a greater internet market penetration in the country. We are an operator wanting to concentrate on the mobile business, either through added services or mobile internet service," reported La Prensa Gráfica.

More on this topic

El Salvador: Telefónica Invests $20 million in 3.5G network

April 2009

The Telefónica company will launch its 3.5G technology network in El Salvador in June.

Hernán Ozon, Salvadoran director for Telefonica, said that despite the crisis, the company will invest $20 million to install technology that will allow users to download information from the Internet with a bandwidth of up to 6 Megs.

Telefónica Launches Advanced Regional Service Network

March 2009

Telefónica introduced the Advanced Regional Service Network which offers businesses in the region greater savings in call costs.

Prensalibre.com published: "Estuardo Olivares, regional director of ‘Grandes Empresas de Telefónica,’ explained that companies with offices outside Guatemala can integrate their fixed and mobile lines in Mexico, El Salvador, Nicaragua and Panama with the new service.

"I am sure that Telefonica is interested in Costa Rica"

September 2008

President of Costa Rica, Oscar Arias Sanchez "welcomes" the Spanish company to invest in telecommunications.

Telefonica's interest in the country has been increasing due to the opening of the market as a part of CAFTA. The firm has already registered its brand in the country.

Telefonica looking to consolidate its position in Guatemala

September 2008

The installation of some 200 new radio towers and an investment of "several dozens of millions of dollars" marks the start of Telefonica's expansion.

Francisco Gil Diaz, president of Telefonica Mexico, commented that the company wants to increase its position in the Guatemalan market to at least second place.

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