Telmex plans USD100 million investment to enter fixed residential market in 2007

23 Nov 2006

The Peruvian unit of Mexican telecoms giant Telmex plans to invest USD100 million in its network in 2007 to facilitate its entry into the fixed line residential market, BNAmericas reports citing local business daily Gestión. Telmex aims to expand its coverage in the capital and surrounding provinces, putting it head to head with fixed line incumbent Telefónica del Perú (TdP).

As it stands Telmex operates primarily in the corporate and SME sectors in Peru. According to TeleGeography’s GlobalComms database, Telmex has had a presence in Peru since 24 February 2004 when it completed its acquisition of nearly all of the assets of AT&T Latin America, including those in Peru, Argentina, Brazil, Chile and Colombia. AT&T Latin America (ATTLA) itself entered the Peruvian market in August 2000 when it acquired FirstCom Peru, giving it immediate access to that company’s high speed fibre networks. FirstCom was awarded a licence to offer domestic and international long-distance telephony services and four months later received a full public telephony concession, allowing it to provide local services.