AT&TLatinAmerica (ATTL)

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COMTEX) A: AT&T to Invest 2.5 Billion Dollars in Latin America
A: AT&T to Invest 2.5 Billion Dollars in Latin America

SANTIAGO, September 6 (xinhua) -- The AT&T Latin America, a regional subsidiary
of long-distance telephone company AT&T Corporation, is scheduled to invest
about 2.5 billion U.S. dollars in Latin America over the next five years to
expand its share in the region, the local news media reported on Wednesday.

AT&T Latin America officially launched operations in Chile on Tuesday and also
plans to extend its network and implement new technology in other countries like
Argentina, Brazil, Colombia and Peru.

"Our objective is go from being a successful local network to the best regional
network," Carlos Fernandez, chief executive of AT&T Latin America, was quoted as
saying by the local media.

The company's strategy in Chile will be to strengthen cooperation with local
companies to offer communications services, pointed out Marco Northland, vice
president responsible for products and services at AT&T Latin America.

"The communications market offers an enormous business opportunity, especially
in countries like Chile, where the data and electronic commerce markets have
good growth expectations," added Northland.



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