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Telefónica is speeding up its optic fibre deployment. The company plans to have passed 25 million homes in 2020 – from the current 16 million and 20 million in 2017- turning Spain into the third most connected country in the world behind Japan and Korea. Today, Spain has a bigger FTTH network with more connections than France, Germany, Italy and the UK combined.
The president of Telefónica, Luis Miguel Gilpérez, said that the main focus will be on the biggest cities in the country. “We have done a great effort. We have invested €11 billion between 2010 and 2015 in the creation of new generation networks with digital capacity.”
Gilpérez also announced that the company will increase in October the download/upload speed from 30 to 50 Mbps.
He also said that the company is investing in the production of TV series and cinema with plans to invest €70 million this year in eight TV series.