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Intel, Telefónica agreement to expand technology in Latin AmericaThe Business Journal of Phoenix - by Patrick O'Grady
Intel Corp. and Telefónica SA announced an agreement Wednesday to expand information and communication technology uses as well as broadband Internet in Latin America.
The agreement is designed to bring in more affordable technology to meet needs for home use and small- and medium-sized businesses. It will build off Telefónica's existing and planned network and looks to broaden the use of wireless Internet access.
The move will allow for expanded opportunities for Intel in Latin America. Telefónica has a presence in 24 countries and a customer base of 228 million people.
Santa Clara, Calif.-based Intel Corp. (Nasdaq:INTC) has major operations in Chandler.
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