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Investments at Telefónica Peru increased 13% as revenue declined

Telefónica Peru confirmed its plan to invest US$ 1.5 million in the country during its financial results. According to a statement, investments from Spanish Telefónica group increased 13% in first half this year compared to the same period a year ago.

However, its revenue during the first half of 2011 dropped 0.7% to US$ 691 million. The carrier’s fixed-line business dropped 14.8%, while long distance calls fell 32.9%, compared to the same period in 2010.

During the quarter, Telefónica Peru reached Cusco with fiber optical. It’s a project called “Fiber Optic of the Andes” aimed at providing high-speed Internet access in the city.

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Roberta Prescott
Roberta Prescott
Editor, [email protected] Roberta Prescott is responsible for Latin America reporting news and analysis, interviewing key stakeholders. Roberta has worked as an IT and telecommunication journalist since March 2005, when she started as a reporter with InformationWeek Brasil magazine and its website IT Web. In July 2006, Prescott was promoted to be the editor-in-chief, and, beyond the magazine and website, was in charge for all ICT products, such as IT events and CIO awards. In mid-2010, she was promoted to the position of executive editor, with responsibility for all the editorial products and content of IT Mídia. Prescott has worked as a journalist since 1998 and has three journalism prizes. In 2009, she won, along with InformationWeek Brasil team, the press prize 11th Prêmio Imprensa Embratel. In 2008, she won the 7th Unisys Journalism Prize and in 2006 was the editor-in-chief when InformationWeek Brasil won the 20th media award Prêmio Veículos de Comunicação. She graduated in Journalism by the Pontifícia Universidade Católica de Campinas, has done specialization in journalism at the Universidad de Navarra (Spain, 2003) and Master in Journalism at IICS – Universidad de Navarra (Brazil, 2010) and MBA – Executive Education at the Getulio Vargas Foundation.