Chilean telecommunications operation Empresa Nacional de Telecomunicaciones SA, or Entel, will pursue a nearly $2 billion investment plan through 2013, The Wall Street Journal online  reported today.
According to daily newspaper Diario Financiero, The Wall Street Journal reported, the company's president Juan Hurtado said that Entel will focus its investments in the mobile broadband sector. Broadband has seen "explosive growth" in recent years, Hurtado said.
Hurtado said mobile broadband has "seen annual growth of some 40% and we expect to have 3 million clients with the service by the end of 2012," according to Diario Financiero.
Entel will also use part of its investment plan to expand the nation's fiber optic network and to improve infrastructure as more Chileans switch to smartphones, according to the Wall Street Journal's report.
Company representatives were not available to confirm the report.