November 24, 2015
Telefonica, the leading telecommunications operator in the Spanish and Portuguese-speaking world, is planning to invest between €14bn and €16bn in Latin America over the next three years to 2018.
The region is perceived as a real growth engine for the company, which is boosted by an improved regulatory framework in Latin America. Telefonica earns 35% of its consolidated revenues from the region and 58% of its total customer base. Telefonica’s Latin American business is showing incremental organic revenue growth of 12.6%, making it the largest contributor to the group’s revenue growth.
Latin America provides Telefonica with a different profile compared with the other major world operators.
The principal economies in the region are all growing, and their telecommunications sectors in particular are showing particularly impressive growth, at average rates of 7.8% per year.