Claro, a subsidiary of Mexican telecom giant America Movil, pledged to invest US$165 million in Colombia, unveiling plans to build new cloud data centers and expand telecom networks in the country.
The new investment underscores Claro’s increasing desire to diversify into digital transformation services, which analysts say will not only generate new revenue streams but will also lay a solid foundation for the company’s success even as the telecoms industry reaches saturation.
Claro already operates data centers in Colombia, some of which are used by companies like Oracle to offer cloud services.
Additionally, Claro’s cyber security service segment has reportedly gained tremendous traction in recent months, drawing numerous customers to sign up for its cyber intelligence services.
Colombia is one of the worst victims of cyber attacks in Latin America, says Claro, citing a recent study by Csirt, which found cyber threats increasing by 612% in the Andean country.
With close to 37 million customers, Claro is the country’s biggest telecom carrier, serving more than 3 million households with broadband Internet and pay TV services.
Recently, the company invested US$25 million to roll out optical fiber cables in 20 new localities including Pitalito, El Rosal and Pamplona.