ProInversion sets reserve price for 700MHz auction

8 Feb 2016

Peru’s Agency for the Promotion of Private Investment (ProInversion) has reportedly set a minimum price of USD284.7 million for each block (2×15MHz) of 4G-suitable spectrum in the 700MHz band, TeleSemana writes. While the agency previously claimed that the auction would be held in Q1 2016, it has yet to reveal the final date for the tender.

As previously reported by TeleGeography’s CommsUpdate, the 4G tender – which was originally scheduled for 2013 – has since been postponed several times, with sales lined up to take place in June 2014, then December 2014, Q1 2015 and now Q1 2016, though no reason has been given for the delays. Three blocks of the highly sought-after frequencies are up for grabs, and all four of the nation’s cellcos – Movistar, Claro, Entel and Bitel – have expressed an interest in bidding for the airwaves.