Peru Awards Two 4G Licenses
Published on: 23rd Jul 2013
Note -- this news article is more than a year old.
Peru's government has awarded two 4G licenses to Telefonica Moviles and Americatel Peru following an auction that raised USD257 million for the government.
Telefonica Movistar paid USD152 million for the A block of spectrum from the 1710 to 2100Mhz bands. The reserve price had been set at USD63.4 million.
Americatel Peru -- the local subsidiary of Chile's Entel -- was awarded the block B of the 1710-2110 MHz band for a payment of USD105.5 million.
The two networks will need to cover 234 districts with LTE services within the next six years, and will have coverage in several cities by the middle of 2016.