Telefonica Targets More Than 150 Million LatAm Customers by End 2008
MADRID -(Dow Jones)- Telefonica expects to have more than 150 million customers in Latin America by the end of 2008, the company said in a press release Thursday.
Telefonica had previously expected to reach 150 million customers in the region at the end of 2009, it said.
"Latin America is the region of the world where telecommunications and IT are going to grow the most," Telefonica Chairman Cesar Alierta said Thursday in a meeting of company executives in Cartagena de Indias, Colombia.
Latin America's high growth markets have become Telefonica's main engine for expansion as its core Spanish and European markets mature.
-By Jason Sinclair, Dow Jones Newswires, 34 913958127, jason.sinclair@dowjones.com
(END) Dow Jones Newswires
Posted to the site on 17th April 2008
