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America Movil to invest $180 million in Ecuador
[February 21, 2011]

America Movil to invest $180 million in Ecuador

Feb 21, 2011 (Datamonitor via COMTEX) -- Porta Celular, Ecuadorian unit of Mexico-based telecommunications company America Movil, has announced plans to invest approximately $180 million in 2011 in the Andean country, Dow Jones Newswires quoted Alfredo Escobar, president of the company.

The report said that the investment of $180 million in 2011 is 45% higher compared with 2010. The investment will be used on technology and infrastructure to expand the company's coverage in the country.

In 2011, the company plans to start testing long-term evolution technology and continue providing new services such as video chat and mobile payment services. Mr Escobar said that the company is also planning to drop the Porta name in the second quarter of 2011 and start operating under America Movil's Claro brand. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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