Spanish cableco Euskaltel will spend more than EUR240 million (USD312 million) over the next five years, Telecompaper reports citing Spanish news agency EFE. The bulk of the investment is expected to be directed towards expanding the company’s own mobile infrastructure, while funds will also be used for technology upgrades and enhancing the capacity of the operator’s cable network. As noted in TeleGeography’s GlobalComms Database, in August 2011 the Ministerio de Industria, Turismo y Comercio (MITYC) confirmed Euskaltel as one of the winners in its large-scale spectrum auction, with the operator successfully bidding EUR2.42 million for 20MHz in the 2600MHz band in Pais Vasco, with the spectrum available for immediate use
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OVETEL Euskaltel sets aside EUR240 million for investment over next five years
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