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General

Telefonica to invest USD 3 bln in Peru by 2020 - CEO

Friday 7 October 2016 | 10:02 CET | News
Telefonica intends to invest around USD 3 billion to promote the digital transformation of Peru over the next four years, according to the company's CEO Jose Maria Alvarez-Pallete. "We came to Peru more than 20 years ago and we're ready to meet the challenges up to 2021," said Alvarez-Pallete, adding that "we're a company of long-term investments." Telefonica's CEO announced the investment following a meeting with Peruvian president Pedro Pablo Kuczynsk in which he urged governments, regulators and operators to work together to bridge the digital divide.

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Categories: General
Companies: Telefonica
Countries: Peru
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