Osiptel cuts Telefonica's fixed line rates

23 Aug 2012

Peruvian regulator Organismo Supervisor de Inversion Privada en Telecommuniciones (Osiptel) has ordered former monopoly telco Telefonica del Peru (TDP) to cut the cost of 16 monthly fixed telephony packages. According to Osiptel’s website, the order, which applies to local and long-distance fixed telephony calling services, takes effect from 1 September, in accordance with the adoption of the regulator’s ‘quarterly rate adjustment’ for the incumbent covering September-November. Osiptel estimates that the tariff reduction will mean annual savings for end-users of approximately PEN10 million (USD3.8 million).