Claro to invest US$1bn in Dominican operations
Telecom operator Claro will invest over 56.9bn pesos (US$1.16bn) in the Dominican Republic through 2022 to expand and improve its wireless networks and fiber footprint.
The announcement comes immediately after competitor Altice unveiled a three-year investment plan of 33bn pesos.
A year ago Claro said it would invest 31bn pesos to modernize its Dominican infrastructure. According to Oscar Peña, president of Claro República Dominicana, the updated figure will help the telco strengthen its position by adding value in the segments where it participates.
Data from telecom regulator Indotel indicates that there were 10mn mobile lines in the Dominican Republic at the end of last year. Claro had 56% of the country's mobile lines followed by Altice (34%) and Viva (6%).
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News in: ICT (Dominican Republic)
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