Chilean firm in IT will invest in Mexico

Mexico City — Sonda, a company based in Chile and one of the biggest Information Technologies firms in Latin America, will invest around US$700 million from now and until 2015 to consolidate their operations, with emphasis on Brazil, Mexico and Colombia. Sonda, which has presence at nine countries in the region, said that the investment plan will be financed through a capital increase for up to US$311 million –which will be voted in a stockholders meeting soon–, 40% with their own resources and the rest via debt. “The resources will be mainly allocated for Sonda’s growth and consolidation in Latin America, with emphasis on Brazil, Mexico and Colombia, keeping a sound and stable financial position”, the company informed in a letter to a local regulator. The plan considers investments in organic growth for US$200 million and acquisitions for US$500 million. For 2010-2012 term the company had already defined an investment plan for around US$500 million.