[wireless federation] Telefónica Chile has announced that it is planning to invest US$ 2.5bn over the next four years in rolling out a nationwide Fibre-to-the-Home (FTTH) network covering over 700,000 homes.
The first phase of the project will be done in the Biobío region covering more than 50,000 homes, including cities like Talcahuano, Los Ángeles, Chillán and Concepción.
According to César Alierta, President of Telefónica Chile, with this investment, Chile will be right at the cutting edge of technology and will be equal to countries like South Korea and Australia, which now have high-speed fibre-optic networks on a massive scale. The company has symbolically decided to start in Concepción as it will visit the region in the days after the recent earthquake, and what they saw there affected them deeply.
This new network will be able to deliver speeds of around 40 Mbps and 100 Mbps, more than three times higher than those currently available on the market.
Telefónica Chile to invest US$2.5 billion