Korea Telecom (KT), in partnership with Peruvian business group Romero, plans to invest over USD 150 million to develop broadband projects in Peru, according to Peru’s minister of transport and communications Enrique Cornejo. The initiative aims to expand the country’s broadband infrastructure and make it a driver of national productivity growth, said Jorge Puga, vice-minister of communications.

According to ministry data, in recent years, the telecommunications sector accounted for 22 percent of the overall investments in Peru. “KT is not here to compete, but to develop the opportunities offered by the Peruvian company [Grupo Romero] that already has the spectrum allocated but does not have sufficient capacity to develop the broadband infrastructure,” Puga said.

The companies will develop a broadband infrastructure in the 2.3 GHz spectrum band. The vice-minister also announced there are other spectrum bands available in Peru for broadband services provision, and that spectrum tenders could be launched starting with the second half of this year.

Grupo Romero wholly owns the Internet Service Provider Sitel / Digital Way

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