Movistar to invest PEN 600mn in 2009

Mobile telecommunications firm Telefonica Moviles (Movistar) has reported that it closed the first half of 2009 with 14.3mn clients. It has an 81% participation in the market, with 22.8mn mobile telephone lines. The firm's client base is growing most significantly in the provinces, which now represent 60% of its total clients.

Movistar also reported that mobile phone tariffs in Peru are falling at a rate of 20% per year and the average cost per minute of USD 0.06 (EUR 0.04) per minute is lower than many other countries in the region, including Brazil, Chile and Venezuela. Movistar will invest more than PEN 600mn (EUR 142.99mn USD 203.32mn) in 2009 and hopes that 85 out of every 100 inhabitants will have access to mobile phone service by the end of 2009.

Publication: Esmerk - News monitoring
Provider: Esmerk
September 3, 2009

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