When negotiating renewal of its licenses in Peru, Spanish-owned Telefónica announced it would investment U.S.$29.50 million (PEN 77 million) in the regions of Lambayeque and Piura to improve infrastructure, and expand and improve telecommunication service coverage.
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The auction that will allow the deployment of LTE telecom networks in Peru is expected to take place during the first half of next year. The Agency for Promotion of Private Investment (ProInversión) will grant the allocation of two blocks in the bands of...
Spain's Telefónica faces a major challenge to its Peru-based Movistar operations as the government is evaluating the renewal of three of its operating licenses. Movistar is the largest telecom group in the country, holding about 60% of country’s wireless market share.
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Vietnam’s largest mobile operator, Viettel, which is set to launch operations in Peru next year, picked up more spectrum bands at yesterday's auction in Peru. The carrier will pay a total of U.S.$48.43 million to secure four bands in the 900 MHz spectrum.
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Peru’s agency for the promotion of private investment, ProInversión, postponed the scheduled July 19 spectrum band auction for the provision of public telecommunication services for the Lima and Callao provinces as well as the rest of the country. The new auction date is July 24.
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Vietnamese-owned Viettel, an operator with assets in Haiti and Peru, has shown interest in expanding into other Latin American markets. Viettel announced it will start operating in Peru in January 2013, approximately two years after the carrier secured a 25 MHz spectrum license in the...
Latin America has become a target for many companies because of the potential wireless growth driven mostly by an increase in data traffic, plus the healthy economic and political environment across many countries in the region. The Canadian Edgewater Wireless Systems Inc. (YFI; TSX.V) moved...
Nextel Communications, owned by U.S.-based holding company NII Holdings, could lose its competitive advantage across Latin America due to delays of its 3G network deployment.
Financial analysts have noted that the carrier's 3G plans could result in the carrier becoming lost in a sea...
Vietnamese mobile network operator Viettel Group announced plans to launch operations in Peru in 2013. Viettel plans to invest about $400 million in the country over the next 10 years. Viettel currently has operations in Cambodia, Laos, Haiti and Mozambique.
Dubbed Viettel Peru, the company...
The Brazilian telecommunications wholesale market could become more competitive as Colombian Internexa, which is affiliated with ISA, announced the launch of services in Brazil. Internexa said it has invested $30 million into its Brazilian operations with the goal to gain 21% market share over...
Brazilian ICT company Dígitro Tecnologia expanded operations and launched a subsidiary in Peru focused on providing technical support for local customers. The company noted that the new Peru operations will be based in Lima and that its the company's first development center outside of...
In Peru, the price of phone calls made from Telefonica del Peru landlines to any mobile phone will decrease 58% starting Dec. 30. Peruvian telecommunications regulator Osiptel announced a resolution approving a new rate of 0.30 soles (U.S. 11 cents) per minute, including a...
Peru and Chile are set to meet in an attempt to hash out telecommunications agreements and address important topics in order to integrate and share their experiences for the sector. Both countries agreed that the shared development of telecommunications is important for economic and...
U.S.-based VelaTel Global Communications (previously known as ChinaTel Group) said it will continue focusing on deployments in Peru next year, according to Ryan Alvarez, VP of marketing for VelaTel in an interview with RCR Wireless News. Asked about company’s expansion to other Latin American...
Much of Latin America can now access Apple Inc.’s iTunes Store as the company launched its music store today in Brazil, Argentina, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru and Venezuela.
The iTunes Store in Latin...
After tapping Chile as its initial launch market for mobile virtual network operator services in Latin America and receiving regulatory approval to operate in Mexico, Virgin Mobile Latin America has obtained licenses to provide wireless communications in Colombia and Peru.
Latin America and mobile data were the main drivers of Telefónica Group's revenue during the first nine months of 2011. Telefónica Latinoamérica reported an 8.1% rise in revenue compared with the same period last year, accounting for 46% of the group total; mobile data revenue rose 19.6%.
Orange Business Services announced that it plans to increase the capacity of its Latin American network by 10 times due to growing demand from its multinational enterprise customers. Implementation is expected to begin in October and will cover Brazil and Chile, followed by Argentina,...
U.S.-based VelaTel Global Communications Inc. announced that VelaTel’s Go Movil wireless broadband access network went “live” today in eight Peruvian cities where it holds licenses. The network is being operated under the brand name Go Movil and provides 4G broadband Internet access reaching about...
With presences in Mexico, Brazil, Argentina and Peru, NII Holdings Inc. said it plans to continue to invest in the expansion of the coverage and capacity of its networks and develop and deploy third-generation networks. Consolidated second-quarter 2011 capital expenditures totaled US $304 million,...
Peruvian president-elect Ollanta Humala plans to name Carlos Paredes Rodriguez as new Minister of Transportation and Communications (MTC). Paredes Rodriguez has been an advocate for decentralization, which will boost investment in infrastructure (roads, ports and airports) nationwide in order to promote growth.Paredes Rodrígues is also...
ChinaTel | July 25, 2011 | Press Release
SAN DIEGO–(BUSINESS WIRE)– US-based ChinaTel Group, Inc. (OTCQB: CHTL) today announced that effective as of the opening of business on July 25, 2011 it will have completed all corporate, legal and other actions necessary to change its...
Telefónica Peru confirmed its plan to invest US$ 1.5 million in the country during its financial results. According to a statement, investments from Spanish Telefónica group increased 13% in first half this year compared to the same period a year ago.
However, its revenue during...
Peru's state agency for promoting private investment, ProInversión, has announced that it is starting a bidding process for two blocks of spectrum in bands between 1700 MHz and 2100MHz. The spectrum is intended for telecommunications services and will last 20 years, with possibility of...
