Telefonica Spain signs 15-year contract to provide mobile service in Ecuador

Telefonica Spain signs 15-year contract, worth $206 million, with Ecuadorian government to provide mobile phone service across the nation. Telefonica plans an investment of $400 million for the upgradation of networks and services such as 3G. In September 2007, it was America Movil SAB which signed the same contract for $480 million.
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