Telefonica del Peru Reports 527,000 Broadband Clients End-H1 2007

The Peruvian unit of Spanish telecommunications company Telefonica, Telefonica del Peru, reported 527,000 broadband clients at the end of the first half of 2007, up 20 pct year-on-year, Telefonica del Peru said on July 25, 2007.

Telefonica del Peru provides broadband Internet access service under the brand Speedy.

In the first six months of 2007 the highest rise was registered in the number of residential broadband clients, up by 29 pct. Residential users concentrate 82 pct of Peruvian broadband Internet market. Corporate users, including public booths, and state institutions accounted for 17 pct of the broadband Internet users in the country.

Currently, the capital of Lima represents 70 pct of the total Internet market, Telefonica del Peru's premium segment director, Rainer Spitzer, said.

In the provinces of Tacna and Arequipa, southern Peru, Piura, northwestern Peru, and La Libertad, western Peru, Telefonica del Peru registered a rise in broadband Internet users by an average of 6.0 pct year-on-year in the first half of 2007.

The company targets more than one million Speedy users for 2011. To achieve the target, the company will rely on technology innovation, constant update of products, and formation of strategic alliances with leading brands in the sector, Spitzer pointed out.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: July 27, 2007