Chilean operator Entel has pledged $2.8 billion worth of investment into 3G and 4G networks across the next three years.
While the majority of this amount - $2.1 billion – will be invested in Chile, the remainder will be channelled into Peru.
By pumping money into its home market networks, Entel is evidently trying to gain a lead on its rival Movistar, owned by Telefonica. Both operators have around 10.5 million connections in Chile.
However, Movistar has a clear lead over Entel in Peru, with 15.8 million connections compared to the latter’s 1.5 million. American Movil unit Claro takes second place in the market with 11.9 million.
While Entel’s 2013 turnover was greater than $3 billion, it has $600 million worth of debt to address.