TEM Peru to learn fate in June

25 May 2012

According to local newspaper La Republica, Peruvian watchdog Osiptel will announce in June whether to renew Telefonica’s operating concession for the next 20 years. The Spain-based operator’s licence to operate in the 800MHz and 1900MHz frequency bands expired in mid-2011 and the company has been in negotiations over the renewal since August 2011. At the end of March 2012 TEM Peru (Movistar) was the largest cellco in the country, claiming 49% of subscribers.