Entel to Focus On 4G, 5G and Fibre as Part of 2023 Investment Plan

Entel, the technology and telecommunications company that operates in Chile and Peru, announced plans to invest USD 350 million in its mobile business, primarily for the commercial deployment of its 5G network and the strengthening of its 4G network. This investment is aimed at maintaining the company’s leadership during the ongoing technological transition. The announcement was made during the Ordinary Shareholders’ Meeting, where the renewal of the board of directors also took place.

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Also Read: Entel Announces Over a Million 5G Users in First Year of Launch

Year 2022, Initial Phase of 5G Deployment

Entel stated that 2022 was crucial for them as they completed the initial phase of their 5G network deployment. The company has taken significant steps towards achieving their goal of becoming a more agile, sustainable, and adaptable organization. Entel is focusing its efforts and resources on areas such as mobile business, technological advancement, home internet service, and digital services for companies and institutions.

Also Read: Equinix to Open New IBX Data Center MT2 in Montreal

Sale of Data Centers to Equinix

According to the statement, Entel sold its data centres in Chile and Peru to Equinix last year and announced an agreement to sell its Fiber-to-the-Home (FTTH) network in Chile to ON*NET Fibra, subject to approval by the National Economic Prosecutor’s Office.

Invest Plan in Chile

4G and 5G Networks

Entel has announced an investment plan to improve the browsing experience for mobile users and expand their home internet business with 4G and 5G Networks. The company plans to allocate USD 350 million to its mobile business in Chile, promising to deliver the best and most consistent browsing experience in the market. At the end of 2022, Entel led the market for 5G mobile connections with a 44.3 percent share.