23 Jul 2013
Peru’s Ministry of Transport and Communication (MTC) has announced that the Agency for Promotion of Private Investment (ProInversion) has successfully completed the sale of two 20-year, 40MHz (2×20MHz) spectrum licences in the 1700MHz and 2100MHz paired bands (also known as Advanced Wireless Services [AWS] spectrum) for 4G services. Movistar was awarded the ‘A’ block of 1700MHz/2100MHz frequencies for USD152.23 million – more than double the USD63.4 million reserve price – whilst Americatel Peru, the Peruvian arm of Chile’s Entel, won the ‘B’ block of AWS spectrum with a bid of USD105.51 million.
Deputy communications minister Raul Perez-Reyes noted that on top of the USD257 million payment for the authorisations, the licensing would also lead to investments totalling around USD800 million over the next ten years. The official added that within the next six years 234 districts would be covered by Long Term Evolution (LTE) networks: ‘We’re going to grant at least four million families access to high speed mobile internet in the following years.’