Movistar may pay USD830 for licence renewal

25 Aug 2011

Osiptel, Peru’s telecoms watchdog, has made a recommendation to the Ministry of Transportation and Communications that Telefonica subsidiary Movistar should pay USD830 million to renew its operating licence, according to local newspaper Gestion. The regulator’s president valued the licence for the capital alone at around USD319 million. Representatives of the Spanish-based telco countered, claiming that under the current legislation it is not required to pay for the renewal of its licences. According to TeleGeography’s GlobalComms Database, TEM Peru, which operates under the Movistar moniker, is the country’s largest cellco by subscribers with 12.9 million wireless customers at the end of June 2011.