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Wireless

Eurona Telecom to divest business in Peru

Wednesday 4 May 2016 | 16:55 CET | News
Spanish telecom services provider Eurona Telecom has announced it will divest its engineering business in Peru to focus on other business segments. The company will sell its non-strategic and non-profit generating activities in both Peru and the UK and impair the book value of the assets related to the Wimax infrastructure, following the group's commitment to TD-LTE 4G technology. This decision will result in investment impairments of EUR 5.7 million, with no impact on cash generation.

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Categories: Mobile & Wireless
Companies: Eurona Telecom
Countries: Peru
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