Fibertel launches high-speed broadband service

Thursday, September 15, 2011

Argentine ISP Fibertel has launched a new high-speed broadband service with access speeds of 30 Mbps, local press reported.

The new service is called Fibertel Evolution and is available in greater Buenos Aires, including the capital, La Plata, Zárate, Campana, Rosario, Córdoba, Paraná and Mar del Plata, according to reports.

The company has capacity to offer services with access speeds of up to 100 Mbps, said Gonzalo Hita, commercial manager of Cablevisión, which owns Fibertel. Cablevisión, in turn, is controlled by Argentine media giant Grupo Clarín.

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The company currently has 1.25mn broadband subscribers, and "a total 5% of this base will migrate to this new service in one year," Hita was quoted as saying.

Fibertel invested 150mn pesos (US$35.7mn) to upgrade its fiber optic network to launch this new service, newspapers reported.