Peruvian telcos Entel, Claro and Movistar have been awarded 4G LTE-compatible spectrum in the 700MHz band by Peru’s Ministry of Transport and Communication (Ministerio de Transportes y Comunicaciones, MTC), state investment promotion agency Proinversión said in a statement.
The fourth network operator, Vietnam’s Viettel, also submitted an offer for the airwaves, but failed to secure any spectrum.
Each of the three operators was awarded a 2×15MHz block of spectrum, valid for 20 years. Entel Peru was awarded Block A with a bid of US$290.21 million, against the reserve price of US$284.70 million. Claro won Block B with a bid of US$306.00 million, while Block C went to Movistar for US$315.01 million.
Under the terms of the agreement, the licensees are required to roll out 4G LTE services to 195 urban areas in the first three years of the contract, including 15 localities in the first year, 129 in the second year and another 51 in the third year. The operator must guarantee download speeds of 1Mbps or more as per the agreement.
Telecoms regulator Osiptel said in a statement that it would supervise the spectrum winners to make sure they fulfill contractual obligations.