New entrant into the Peruvian broadband market, Olo Peru has commercially launched a WiMAX network in 16 districts of the Lima, spending USD50 million on the rollout, RPP News reports. The telco plans to expand its network to cover 48 of Lima’s districts by the end of the year, and launch operations in Trujilo, Arequipa and Chiclayo in Q1 2013. Olo is offering three types of devices to end users, a USB dongle and modems capable of either connecting five devices via Wi-Fi or eight computers within a single home or office. Olo offers maximum theoretical download speeds of 5Mbps, available for PEN129 (USD48.56) per month with unlimited downloads. General manager was quoted as saying that the company’s brand values of ‘simplicity, honesty and fun’ are expected to help the telco net 20,000 subscribers by the end of the year.