Wireless operator America Movil and fixed-line company Telmex Internacional – both controlled by Mexican billionaire Carlos Slim – plan to make $880 million in infrastructure investments in Peru through 2012, the head of America Movil’s Peruvian unit, Sr Humberto Chavez Lopez, said.

“This investment will be carried out over three years. The investment by America Movil will total $500 million, while Telmex will invest an additional $380 million,” Chavez said.

The announcement was made during the inauguration of a new $110 million, 3,200-kilometer (1,990-mile) fiber-optic network that runs the entire length of Peru’s Pacific coast, the official Andina news agency said.

“This network will be a voice, data and video superhighway with state-of-the-art technology for users,” the executive said.

America Movil, which entered Peru in 2005 and operates under the Claro brand; and Telmex Peru, a unit of Telmex Internacional, have already installed three ducts for the fiber-optic cable, Chavez said.

Construction of America Movil’s corporate headquarters in Lima was also launched during the same inauguration ceremony, attended by Peruvian President Alan Garcia.(EFE News Service)

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