TDP revenues climb 7.3%

16 Feb 2007

Telefónica del Perú (TDP), the country’s fixed line incumbent has reported a 2006 turnover of PEN4.4 billion (USD1.41 billion), a 7.3% increase on the previous year, despite flat performances from its traditional services, the company said in a statement. Revenues from local telephony increased just half a percentage point in 2006 to PEN1.66 billion while its long-distance division managed 1% growth to PEN515 million. Public and rural telephony revenues fell by 7.6% to PEN751 million compared to 2005. Sales from its subscription TV business jumped 17.7% year on year to PEN356 million while internet revenues rose by 39.8% to PEN549 million. TDP added 127,686 broadband lines in 2006 to take its base to 468,122 while 144,202 net new fixed lines were added to end the year with 2.36 million.

Peru, Telefonica del Peru (TdP, Movistar)