Telefonica plans huge expansion of broadband

18th January 2005, Comments 0 comments

18 January 2005, MADRID — Spanish telecommunications operator Telefonica plans to invest EUR 9 billion in a high-capacity ADSL service over the next three years.

18 January 2005

MADRID — Spanish telecommunications operator Telefonica plans to invest EUR 9 billion in a high-capacity ADSL service over the next three years.

The Spanish business daily Cinco Dias reported the new service, quoting Telefonica chairman Cesar Alierta.

A Telefonica spokeswoman clarified that the EUR 9 bn includes a EUR 4.5 bn ADSL investment already announced last August, with a further EUR 4.5 bn earmarked for "complementary investments and marketing."

The programme is aimed at increasing connections to 6.5 million clients by
2008 from the current 2.5 million, the newspaper said.

ADSL allows broadband access to the Internet through special phone lines.

Cinco Dias quoted Alierta as saying that the Spanish government should also
make a commitment to developing broad band technology.

[Copyright EFE with Expatica]

Subject: Spanish news

0 Comments To This Article