Business Services Industry

Peru: Telefonica Multimedia to provide cable Internet services.

South American Business Information, October, 2000

Telefonica's subsidiary Telefonica Multimedia will invest US$13mil over a3-year term to provide cable Internet services (CableNet) in Peru. The newservice will be launched in Lima first. Telefonica Multimedia has alreadyinvested US$5mil so far this year, while the remaining US$8mil will be spentover the next 2 years. The subsidiary aims to reach 10,000 CableNet clientsby the end of 2001. At present there are 380,000 cable television users inPeru, of which 340,000 are Cable Magico's.

Copyright (c) 2000, SABI, all rights reserved.

Source: Gestion Page: 3 Date: September 29, 2000 Country: Peru Product: Internet Services Company: Telefonica ; Telefonica Multimedia Event: Services Development SABI (South American Business Information)

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