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General

Peru telecom investment topped USD 1 bln in 2017

Wednesday 23 May 2018 | 11:34 CET | News
Investment in Peru's telecommunications sector increased to PEN 3.3 billion (around USD 1 billion) last year thanks above all to the rollout of 4G and fibre-optic technology, reports Telesemana, citing the head of the transport and communications ministry (MTC) Virginia Nakagawa. In total, the industry has grown at an average annual rate of 10 percent over the last four years, with the number of mobile lines rising from 29 million in 2013 to 38 million in 2017, while mobile internet connections have surged from 0.8 million to 20 million, said Nakagawa.

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Categories: General
Countries: Peru
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