Wall Street Journal | February 17, 2011 | Mercedes Alvaro
Of DOW JONES NEWSWIRES
QUITO (Dow Jones)–Ecuador’s largest cellphone company, Porta Celular, the local unit of Mexican communications giant America Movil SAB, (AMX, AMX.MX) plans to invest about $180 million during 2011 in the Andean country, the company’s president told Dow Jones Newswires.
In an interview on Thursday, Alfredo Escobar said that the investment, which will be 45% higher compared with 2010, will go to technology and infrastructure to expand Porta’s coverage in the country.
During 2011 the company will begin testing long-term evolution technology, or fourth generation, and will continue to offer new services such as video chat and mobile payment services, among others.
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