Investment hits USD964m for 2012

20 May 2013

Peruvian telecoms watchdog Osiptel has announced that investment in the sector reached USD964 million in 2012, up by 10% compared to 2011. The lion’s share, some USD636 million was spent on wireless network infrastructure, representing around 65% of the total. Movistar Peru, the local unit of Spain’s Telefonica, invested the largest sum, shelling out USD529.6 million, USD281 million of which was spent on extending and improving its fixed line networks. Rival operators Claro and Nextel del Peru invested USD296.8 million and USD80.6 million respectively on their mobile networks.

Osiptel also called for subscribers to recycle their used phones, following reports from the environment ministry that some 17,000 tons of waste electronic devices has built up from 2004 to 2013 with estimates that over the next two years the country would add a further 2,800 tons. The regulator has set up collection points for waste mobile phones, chargers and accessories.