Movistar Peru has commercially launched its LTE network and plans to invest over USD 400 million over the next five years in the network deployment for the launch and expansion of 4G services. Currently covering 7 districts of Lima, Movistar’s LTE network includes Cercado de Lima, La Molina, Miraflores, San Borja, San Isidro, San Miguel and Santiago de Surco. Under the terms of its license, Telefonica will have to deploy 4G services in 234 district capitals and towns over the next five years.