Spanish telecom giant Telefónica has said that it plans to invest 125 million euros in the Costa del Sol and Malaga province over the next three to four years.
The investment was announced by the company's president in Spain, Luis Miguel Gilpérez, at a high-level international conference in Malaga this week. The 4K-HDR summit brought together global experts on next-generation ultra-high-definition technology for communication devices.
The Telefónica investment locally is part of a programme across Spain to ensure all homes have access to faster fibre-optic services, improving internet speeds.
“Our aim is that by 2021 at the latest where there is currently copper cable there will be fiber,” Gilpérez told delegates.
There will also be investment in 4G phone services.
According to Telefónica, Malaga province is already ahead of the rest of Spain in the roll out of fibre optic. At the end of this year it is expected to have reached 65 per cent of local homes, compared to 60 per cent in all Spain.
The two areas of weakness are rural districts and smaller towns, which will now be focused on. However the company president was keen to highlight that broadband roll out is higher than in other large EU countries.