Peru Warns Telefonica Over High Bills

Newton, Paul
March 2003
Utility Week;3/28/2003, Vol. 19 Issue 13, p16
Trade Publication
Peru's president Alejandro Toledo has given Spanish telecommunication monopoly Telefonica SA an ultimatum to cut tariffs or face losing a lucrative fixed-line contract in the country. Toledo has spelled out eight conditions Telefonica must meet soon to lower its call rates, which he claimed were the highest in the region. Telefonica's Peruvian unit Telefonica del Peru SA, which controls the country's telecommunications market said it had presented several proposals in the past few months as of March 28, 2003 to lower its tariffs but that the Peruvian government has not been satisfied.


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