Spain’s telco Telefonica has announced that it will invest €400 to €500 million in a new deployment plan to take its fibre optic network, with a current reach of 1.3 million households and businesses, to 3 million homes in 2012.
The company will focus on Madrid with an investment of €200 million, in comparison with that of over €55 million last year, increasing the speed to up to 100 Megabytes and the number of households passed, currently 480,000. Telefonica plans to pass 80 per cent of Madrid households and businesses this year and cover 100 per cent in 2015.
Telefonica currently has 812,900 TV subscribers to its IPTV service Movistar Imagenio which lost 20,000 clients at the end of the first quarter of the year. As a whole, Telefonica has 3.3 million TV subscribers worldwide, with 1 million in Europe.