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Peru: Bidding rules for mobile license approved |
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Monday, 19 March 2007 |
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ProInversion, Peru's state agency for promoting private investment, has approved bidding rules for a fifth mobile license. ProInversion says the project requires a US$ 200 million investment.
Interested companies must be pre-qualified by the agency by April 16. Final bids are due by May 7. The agency is also holding a public consultation period through March 22 for interested parties and will publish responses to the consultation on April 9.
The new license adds to the three mobile existing mobile licensees, Movistar Peru, Claro Peru and Nextel Peru. An auction process for a fourth mobile license in the 800MHz band is already underway. That spectrum was reclaimed by the government as part of the merger agreement between Bellsouth and Movistar. Bids for the 800MHz spectrum are due on May 1. Source: Cellular-News - WDR/Intelecon Regulatory News.
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