Spanish Telefonica Invests $210 Mln in Peru Jan-Sept 2007

Spanish telecommunications company Telefonica invested a total $210 mln (144 mln euro) in Peru for the period from January to September 2007, Peruvian daily Andina said on November 12, 2007.

The number of the company's clients in Peru totalled 11.2 million in the same period, of them 4.0 million people used fixed telephony and the rest were clients of the mobile telephone service.

In turn, the clients of Telefonica in Latin America rose by 14.9 pct from January to September 2007 in comparison to the nine months to September 2006. The rise was mainly attributed to the 20.2 pct increase of the mobile telephony clients, whose number reached 94.7 million.

The most significant rise of the mobile telephony clients was registered in Peru, up 60 pct, Mexico, up 48.8 pct, Central America, up 36.8 pct and Argentina, up 28.8 pct.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: November 13, 2007

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