Spanish-owned cellco Movistar Peru has announced plans to invest PEN350 million (USD107.5 million) on the deployment of 4G infrastructure by the end of the year. The investment will focus on the construction of 700MHz band networks, with Movistar looking to roll out 1,000 new sites by the end of the year, having already constructed 855 sites by the end of July. By the end of June this year, Movistar claims its LTE network covered 21 million Peruvians.
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