Peru Prepares Sale Of New Telecoms License

Peru is preparing to sell a fifth cell phone license to increase competition in the sector. Nextel Perú and Millicom International of the US are both reported to be interested in bidding. The most recent entrant to the Peruvian telecoms market was América Móvil, one of Latin America’s largest telecoms companies, when it bought the local operations of Italy’s Telecom Italia in August beating off rival Spanish Telefónica Móviles.