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Entel Plans $400 Million Investment in Peru

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Chile based mobile network, Entel is planning to spend USD400 million over the next ten years deploying a 4G based mobile internet service in Peru.

The announcement was made by the Peruvian government as it handed over a 4G license.

Entel's services will cover 200 districts in Peru and areas that draw tourists, the government spokesman, Jesus Guillen said.

Entel recently bought the local arm of NII Holdings, which trades as Nextel.

"Entel is in the midst of a complete investment in Peru," said Eduardo Bobenrieth, the company's local general manager. "Many investments in the country are underway to make Nextel a relevant mobile phone operator."

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Tags: entel  nii holding  Peru