The funds will allegedly be used to upgrade and expand its networks in the country, as well as boost coverage and improve service quality.
“Argentina has been experiencing a profound transformation in recent years, characterised by users who consume all types of content and growing demand for access to faster connection speeds,” the company said in a statement.
Claro’s parent company, America Movil, said it had noted an 800% increase in customer mobile data consumption over the last five years.
“In this regard, the company has decided to launch an aggressive mid-term investment plan focussed primarily on positioning ourselves at the forefront of this growing trend in data consumption and guaranteeing service quality,” the company added.
A lack of investment in Argentina means network reception in the capital of Buenos Aires is often patchy, but mobile operators are now starting to take note.
