América Móvil likely to invest $200 million to enlarge infrastructure in Peru

The general manager of América Móvil (Peru), Humberto Chávez, reported today that the company aims to invest approximately 200 million dollars in enlarging telecom's infrastructure in Peru this year.

"This investment is based on the fact that our company is strongly betting for the development of telecommunications in Peru, especially the wireless one", he affirmed.

Chávez specified that after eight years in Peru, the Mexican company has an accumulated investment of around one billion dollars.

Up to now, Claro (the commercial name of América Móvil which offers its mobile services) has around six and a half million users and thsi number is expected to increase with the wireless landline phone services.

Chávez mentioned that the potential of the Peruvian market in this area is important since the penetration level of the wireless landline phone services is very low reaching only ten percent.

Publication: Andina - English Newswire
Provider: Andina
Date: July 16, 2008

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