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  3. VIETTEL PERU WILL INVEST AROUND US$ 600 MILLION TO CONNECT RURAL AREAS WITH 4G SERVICES
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PROINVERSIÓN SIGNS AGREEMENTS TO PROMOTE PROJECTS IN ASSETS IN AREQUIPA RESOURCES FROM GORES, LOCAL GOVERNMENTS AND PUBLIC UNIVERSITIES FOR OXI GROW TO MORE THAN S/ 25,000 PROINVERSIÓN STRENGTHENS ACTIONS TO ATTRACT INVESTMENT ABROAD FOR PPP PROJECTS IN PERU 10 MTC PROJECTS PER S/ 2,000 MILLIONS ARE READY TO BE FINANCED BY COMPANIES THROUGH OXI PROINVERSIÓN ORGANIZES ROADSHOWS IN MEXICO AND CHILE TO ATTRACT INVESTORS TO PPP PROJECTS PROINVERSIÓN ACHIEVED OVER US$ 1,000 MILLION INVESTMENT IN SIX AWARDS IN I SEMESTER 2023 VIETTEL PERU WILL INVEST AROUND US$ 600 MILLION TO CONNECT RURAL AREAS WITH 4G SERVICES PROINVERSIÓN MANAGED AND AWARDED 103 PROJECTS IN ASSETS FOR MORE THAN US$ 7,500 MILLION METRO LINE 1 WOULD PROPOSE TO INCREASE DAILY TRANSPORT CAPACITY TO ONE MILLION PASSENGERS LIMA PROVINCES REGION HAS S / 370 MILLION TO EXECUTE INVESTMENTS VIA WORKS FOR TAXES PROINVERSIÓN: 2023 WOULD BE A RECORD YEAR OF AWARDS THROUGH WORKS FOR TAXES PORTFOLIO IN PROMOTION THROUGH OXI CONSISTS OF 371 INVESTMENTS FOR MORE THAN S/ 13,000 MILLION PROINVERSIÓN WILL AWARD THE CONTRACT FOR THE ESSALUD HOSPITALS IN THE SECOND QUARTER OF 2023 CAPITAL EXPENDITURE IN THE LA GRANJA MINING PROJECT GROWS TO MORE THAN US$ 2,400 MILLION PROINVERSIÓN WILL AWARD 10 ELECTRICITY TRANSMISSION PROJECTS FOR US$ 1,100 MILLION IN 2023 PPP INVESTMENTS IN PORTS WILL EXCEED US$ 3,500 MILLION PROINVERSIÓN PROMOTES THE DEVELOPMENT OF THE CAJAMARCA WWTP PROJECT WITH AN INVESTMENT OF US$ 58 MIL PROINVERSIÓN: MORE THAN S/ 620 MILLION WILL BE AWARDED IN 2023 IN WORKS FOR TAXES PROINVERSIÓN: UNSOLICITED PROPOSALS PRESENTED TO MODERNIZE THE PORT OF CHIMBOTE ACCIONA CONCESIONES WAS AWARDED THE TWO ELECTRICITY PROJECTS PROMOTED BY PROINVERSIÓN TENDER FOR ESSALUD HOSPITALS OF PIURA AND CHIMBOTE ATTRACTS COMPANIES FROM EUROPE, AMERICA, AND ASIA

VIETTEL PERU WILL INVEST AROUND US$ 600 MILLION TO CONNECT RURAL AREAS WITH 4G SERVICES

Lima - June 10, 2023.- The Private Investment Promotion Agency (PROINVERSIÓN) awarded the Viettel Perú S.A.C. company the AWS-3 and 2.3 GHz Radio Spectrum Band projects by proposing the largest coverage with 4G mobile services (telephony and mobile internet) in rural locations in the country.

The tender for the AWS-3 Radio Spectrum Bands project was divided into two blocks: Block A of 2x15 MHz and Block B of 2x15 MHz. Both were awarded to Viettel Peru S.A.C. by proposing coverage with 4G mobile services in 2,640 locations; América Móvil S.A.C. was in second place.

Likewise, the 2.3 GHz Band was awarded to the company Viettel Perú S.A.C. by proposing the coverage of 1,185 locations; Entel Peru S.A. was in second place.

In this way, 3,825 localities will have 4G mobile services (telephony and mobile internet) improving their connectivity and quality of life. Of those localities, 3,282 will have 4G mobile services in the first year of the concession contract and 543 in the second year.

As a result of the bids of the winning bidder, the total amount of investment that Viettel Peru will make in the implementation of 4G mobile services in the proposed locations would amount to US$ 600 million, an amount far higher than the initial estimate of US$ 268 million.

"This award is a significant advance to contribute to the improvement of the connectivity of our compatriots, mainly in rural areas of the country. It represents an important step in the recovery of the pace of project awards in the portfolio, with transparent and predictable processes for all the agents involved," said the executive director of PROINVERSIÓN, José Salardi.

Meanwhile, the Deputy Minister of Communications of the Ministry of Transport and Communications (MTC), Patricia Carreño, thanked the commitment of the operators to continue investing in our country, and the articulated and technical work of PROINVERSIÓN and the MTC to successfully carry out this public tender. "From the MTC we renew our commitment to continue working articulately to connect more Peruvians; and continue to reduce the digital gap," said the Deputy Minister of Communications.

BENEFITS

The benefits of the AWS-3 and 2.3 GHz Radio Spectrum Band projects lie in two fundamental aspects. First, it lies in enabling a greater number of rural localities nationwide that today do not have mobile services or only have 2G or 3G technology services, to access 4G mobile services; This improves the quality of their communications. Secondly, the provision of these bands will allow successful mobile operators to make more efficient use of the spectrum available to them, improving the quality of communications at national level.

In addition, the execution of the investment commitments will encourage investment in telecommunications infrastructure in remote areas where there is no 4G mobile coverage, thus contributing to reducing the telecommunications gap and expanding the footprint of mobile operators in rural areas of the country.
The term of the concession of both AWS-3 and 2.3 GHz bands will be 20 years.

Source: Press Release - PROINVERSIÓN