BOGOTA (Reuters) - Colombia has chosen the European DVBT standard for it digital television upgrade, government regulators said on Thursday.
The upgrade will take place within 10 years, according to the National Television Commission.
The upgrade is expected by the government to attract about $150 million in investment to the country's public television networks and up to $60 million to Colombia's private networks.
"This is without doubt the most important decision in Colombian television," Carolina Hoyos, president of the commission, told reporters.
About 98 percent of homes in this Andean country of 44 million people have TV.
Reporting by Javier Mozzo; Editing by Andre Grenon