The investment program will be carried out with the money the UK group will get from selling its stake in U.S. Verizon Wireless, said Inaki Berroeta, chief executive of Vodafone Romania
As part of the investment program, called Spring, Vodafone Romania will invest an additional GBP45 million mainly in its stores and in developing its 4G and optical fiber networks, Berroeta said in a news conference Tuesday.
Vodafone usually invests about EUR100 million in Romania annually.
The UK group said recently it would launch an ample investment program and would allot extra GBP3 billion for its European infrastructure.
The investment program will be carried out between 2014 and 2016 and will amount to GBP7 billion, besides “regular” investments of GBP12 billion.