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Telefónica del Perú feels heat of competition in Q4
News ICT Peru

Telefónica del Perú feels heat of competition in Q4

Revenues fell 6.7% year-on-year to 2.31bn soles. Competition in Peru's mobile market has intensified over the last two years, with new entrants Entel and Bitel stripping market share from established players Movistar and Claro with aggressive marketing and pricing strategies.