SINGTEL will invest close to $2 billion in Optus 4G
SINGTEL will invest close to $2 billion in Optus over the next 12 months to help fund the No 2 telco’s aggressive expansion into the 4G mobile market and prepare it for battle against a rampaging Telstra, which continues to lure mobile customers.
The $2bn investment will consist of more than $750 million to pay for wireless spectrum — which will be used to expand Optus’s 4G services into the bush — and $1.2bn in capital expenditure, the largest capex injection the telco has received in more than 10 years.
The increase in capex, which was first revealed by The Australian last month, will be spent mostly on mobile network upgrades as Optus rapidly expands its 4G mobile coverage over the next 12 months.
“You will see us move 4G extensively into regional areas from January,” Paul O’Sullivan, chief executive of SingTel’s consumer group, told The Australian.
Get your Optus mobile services from ACN online. http://mgps.acndirect.com