Telefonica Moviles and Americatel Peru have won their bids for 4G spectrum licences in Peru, in auctions that raised US$257 million for the Latin American country’s government.
The Telefonica Moviles acquired the A block of spectrum, which covers the 1710 to 2100 MHz bands, for US$152 million – more than double the reserve price of US$63.4 million.
Meanwhile Americatel Peru won its bid for the B block which covers the 1710-2110 MHz bands. The operator paid US$105.5 million for the spectrum.
The two operators have been given six years to build out their networks across 234 districts in the country, with three years to provide coverage in Peru’s major cities.
