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

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

Thursday, September 11, 2008

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. The company recently reached a total of 150 million clients, a third of the market in Latin America, where it has invested more than $120 million in the last few years.

More on this topic

Telefonica Will Invest $ 15 Million in El Salvador

November 2010

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

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.

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 will be in Costa Rica by 2009

October 2008

"Costa Rica and Telefónica will be united in the future," stated from the beginning of the conversation EF Humberto Pato-Vinuesa, CEO of Telefónica for Central America.

The Spaniards are going into action and estimate that they will be operationg in 2009, and could possibly start to offer cellular services in the second semester.

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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