Price: $ 1295
BMI View: Peru has historically underperformed its regional neighbours, however, we believe there are foundations for outperformance through 2013 and 2014.A number of new players into the market, a high level of postpaid growth, as well as legislation from the regulator, Osiptel, has led to an improved outlook for the industry. Mobile subscriptions are growing steadily, but penetration rates are still only around 100% leaving plenty of room for growth. Meanwhile, in terms of broadband, the government has plans to expand Peru's fibre-optic network in a move to connect around 179 towns and cities that currently do not have high-speed internet connections. This should generate additional demand for wireline internet services, and will facilitate the provision of other services, such as internet TV. H ...
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