Telefónica asks regulators, gov’t to work with it as it vows $3B spend in Peru

By Jim O'Neill on Oct 11 2016 at 7:45 AM
Telefónica asks regulators, gov’t to work with it as it vows $3B spend in Peru

Telefónica has reaffirmed its commitment to drive Peru’s digital transformation, promising to spend $3 billion expanding products and services there by 2020.

Chairman José María Álvarez-Pallete said the Spanish multinational would bolster its IoT investments in the areas of health, education and security, among others, saying “We are convinced that digital life is an essential part of being human.”

“We visualize Peru as a country in which the possibilities and opportunities that accompany this revolution are available to all individuals, companies and the public sector, "he said while on a swing through the region.

The telecom has spent more than $9.2 billion on telecommunications infrastructure nationwide since it began operating in Peru in 1994.

Alvarez-Pallete said the new spend would be used to help connect more Peruvians to the Internet, adding that “there are still challenges,” and urging Peru “establish a national digital agenda with strategic vision and long-term goals.”

Specifically, he said, Peru needs to formalize plans for the local development of applications and services that generate benefits for the country and bridging the digital divide with increased investment in infrastructure.

That, he said, will only happen “if governments, regulators and telecommunication companies work together in the same direction.”

Telefónica was the first operator to offer 4G LTE technology in Peru, delivering higher internet speeds with the new 4G + service.

In September, its Movistar Peru play announced that post-pay customers will be given free and unlimited 4G access once their bundled data has expired in a promotion that runs until the end of the year.

The operator had 21.64 million mobile customers at the end of Q2.

This month, Telefónica also began debuting a public cloud and cloud services product in Chile, Brazil and Mexico in a partnership with Huawei, focused on migrating IT services to the cloud.

Stay tuned.

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