Mundo to invest US$200mn in fibre infrastructure

CEO Enrique Coulembier of Chilean fibre broadband operator Mundo told BNamericas that the company aims to invest $200 million this year to extend its fibre infrastructure.

The company, which was recently acquired by DigitalBridge from Linzor Capital Partners, is still negotiating its budget with DigitalBridge, but he believes it is the most likely capex cost for the whole year of 2022.

Mundo’s objective for this year is to add 6,000 kilometres of fibre optics to the 7,000 kilometres of fibre optics it already has in the country, with another 4,000 kilometres planned for 2023.

By the end of 2023, the company wants to reach 4.5 million residences, up from the current 3 million, according to Coulembier. Mundo has approximately 700,000 customers in Chile at the moment.

The sale of Mundo to DigitalBridge does not affect anything operationally – the telco’s leadership and structure remain the same – but it does boost Mundo’s financial and investment capacities, according to the CEO.