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The Miami Herald Business Briefs Column.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, July, 2000
Jul. 14--AT&T LATIN AMERICA WILL INVEST $500 MILLION IN ARGENTINA: AT&T Latin America and FirstCom Corp. (FCLX) said they will invest $500 million in Keytech LD, a startup communications company in Argentina that they recently acquired, creating about 2,000 new jobs in the Latin American country.
The investment should be made in two phases: $150 million by mid-2001 and an additional $350 million through the year 2004 to develop Keytech LD's broadband fiber infrastructure, IP technology, and fixed wireless platform. The company's network will be built out in the key business centers throughout the country. Keytech expects to have a network of 2,500 kilometers utilizing advanced fiber optic technology.
AT&T Latin American, a subsidiary of AT&T, announced...
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