TDP books PEN11.2m profits for Q2 2012

20 Jul 2012

Triple-play provider Telefonica del Peru (TDP) has reported revenues of PEN970 million (USD364.5 million) for the three months ended 30 June 2012, up 1.4% from PEN957 million in the corresponding period of 2011. Net profits for the period were PEN11.2 million. TDP is currently conducting negotiations with the Peruvian government regarding the terms of the renewal of its concession. According to local news sources, the government has almost completed drafting a new set of terms and conditions for the provider, which according to TeleGeography’s GlobalComms Database claimed 14.45 million wireless subscribers and 1.15 million broadband customers at end-March 2012.

Peru, Movistar Peru, Movistar Peru (TEM Peru)