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Broadband

Telefonica Peru sets up dedicated fibre company PangeaCo

Thursday 26 November 2020 | 11:39 CET | News
Telefonica del Peru has announced the creation of a new vehicle to manage the expansion of fibre-optic networks throughout the country with a view to bridging the digital divide. The subsidiary, dubbed PangeaCo, was officially launched after the Ministry of Transport and Communications (MTC) granted it a concession to operate as a telecommunications provider. The aim is to substantially increase residential internet penetration from the current figure of 40 percent of households, said Telefonica, adding that the penetration level in the Lima metropolitan area stands at 63 percent compared to

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Categories: Fixed
Companies: Movistar Peru / Peru transport and communications ministry (MTC) / Telefonica del Peru
Countries: Peru
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