Peru Telecommunications Report

Providing expert analysis, independent forecasts and competitive intelligence on the telecommunications industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast Scenario, Telecommunications Risk Reward Index, Market Overview, Regulatory Environment, Company Profiles and Competitive

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Peru Telecommunications Report
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BMI View : We maintain our positive outlook for the Peruvian telecommunications sector, particularly for the mobile market. The mobile market posted healthy growth but organic growth rates have tapered off in recent quarters, compared with the previous robust growth . Nevertheless , we believe that the market i s poised for significant uptick, based on a multitude of factors. T he prospects of increased competition and 4G LTE rollout suggest that operators will find unique ways to encourage technological uptake. The recent 4G auction in the 700MHz band saw the three main operators, Movistar, Claro and Entel spend more than USD911mn in acquiring 20-year licenc es. Bitel failed to acquire spectrum in the auction, but committed towards investing USD200mn towards developing and rolling out high-speed services in 2016, using its existing band. We believe that Peru remains an innovative market , as new value-a dded -s ervices are launche d and newly adopted net neutrality laws further encourage innovation. However, we caution that the market's heavy reliance of prepaid services constricts operator revenue growth. Furthermore, the entry of Bitel and MVNOs in the market poses a downside risk to both ARPUs and operator revenues.

Prepaid Limits Mobile Operator Revenue Growth
Mobile Operator Revenues (PENmn) & Subscription Type (000), 2012-2015
Source: BMI, operators, national sources

Latest Updates And Industry Developments

  • In the 700MHz auction during the summer of 2016, Movistar, Entel and Claro picked up spectrum in the coveted 700MHz band to expand their national high-speed 4G LTE network. The three operators are reportedly estimated to have paid a combined value of over USD900mn for 20-year licences. Bitel, the Vietnamese backed operator, claimed that it would aggressively pursue these slots, but was unable to acquire the bandwidth. Instead, it will utilize its existing 900MHz and 1900MHz allocations and invest USD200mn in 2016 to rollout 4G services in Peru. Under the regulator's stipulations, the new operators will be forced to deploy 4G LTE services to vast number of underserved or un-served towns and villages in the country over the next three years.

  • Latest data from the market suggests that the mobile market added 742,400 net additions in 2015 with the market reaching a total of 33.2mn subscribers to reach a penetration rate of 105.8%. This is solid growth and we believe growth will continue in the market as Bitel looks to aggressively compete in the basis of price.

4G will become a primary driver of growth, especially with Movistar now having more than 1mn LTE subscribers. We estimate 8.77 3G/4G subscribers at the end of 2016, a number growing to 16.341mn at the end of 2020.

BMI Industry View
SWOT Analysis
Industry Forecast
Latest Updates
Structural Trends
Table: Telecoms Sector - Historical Data & Forecasts (Peru 2013-2020)
Telecoms Risk/Reward Index
Latin America Risk/Reward Index
Table: Latin America Telecoms Risk/Reward Index, Q4 2016
Industry Risk/Reward Index
Market Overview
Market Drivers & Trends
Wireline Voice & Broadband
Table: Peru Fixed Line Data, 2007-2014
Table: Pay-TV Subscriptions In Lima, 2015
Regulatory Development
Industry Risks
Main Development: 700MHz Auction
Additional Developments
Competitive Landscape
Mobile Market Data
Table: Mobile Market Overview
Table: Movistar
Table: Claro
Table: Entel (Nextel)
Table: Bitel
Company Profile
Am-rica M-vil Per- (Claro)
Entel Per-
Telef-nica del Per-
Telef-nica M-viles Per- (Movistar)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Peru 1990-2025)
Table: Key Population Ratios (Peru 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Peru 1990-2025)
Table: Population By Age Group (Peru 1990-2025)
Table: Population By Age Group % (Peru 1990-2025)
Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Risk/Reward Index Indicators
Table: Weighting Of Indicators

The Peru Telecommunications Report features BMI Research's independent industry forecasts on the future strength of Peru's ICT market, covering the fixed-line, mobile and internet segments and analyses latest regulatory developments and corporate news, including investment activity, mergers and acquisitions, joint ventures and partnerships. Leading operators and manufacturers are fully profiled, highlighting their quarterly financial performance, capital expenditure plans and latest contracts.

BMI's Peru Telecommunications Report provides industry professionals and researchers, operators, equipment suppliers and vendors, corporate and financial services analysts and regulatory bodies with independent forecasts and competitive intelligence on the telecoms industry in Peru.

Key Benefits

  • Benchmark BMI's independent telecoms industry forecasts for Peru to test other views - a key input for successful budgeting and strategic business planning in the Peruvian telecoms market.
  • Target business opportunities and risks in Peru's telecoms sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Peru.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).


BMI Industry View

Summary of BMI’s key industry forecasts and views, covering the ARPU, fixed-line, mobile (including 3G & 4G), internet and broadband markets.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the wireline and wireless sectors and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Historic data series (2010-2013) and forecasts to end-2019 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

  • Fixed-line Telephony – Telephone lines (‘000); telephone lines/100 inhabitants.
  • Cellular Telephony – Mobile phone subscribers (‘000); mobile phone subscribers/100 inhabitants; and where available, 3G & 4G subscribers (‘000); 3G & 4G subscribers/100 inhabitants; 3G & 4G subscribers as a percentage of overall mobile market.
  • Internet Markets – Internet users (‘000); internet users/100 inhabitants; broadband internet subscribers (‘000); broadband internet subscribers/100 inhabitants.

BMI’s Telecommunications Risk Reward Index

BMI’s Risk Reward Indices provide investors (vendors, operators and suppliers) looking for opportunities in the region with a clear country comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an Indices of highest to lowest appeal to investors, with each position explained.

Market Data Analysis

Detailed market analysis of the mobile, mobile content, fixed-line and internet segments, broken down into:

  • Market Data – Analysis of market size, operator shares, dominant trends, competitive landscape and key quarterly data.
  • Technology/Service Rollout – Analysis of rollout/adoption of new technology, such as 3G & 4G, WiMAX, IPTV, pay-TV, LTE and valueadded handset services (gaming, music, video, apps etc.).
  • Mobile Content – The latest trends in content and services available and being introduced by mobile operators, including a timeline of all the latest major mobile content developments.
    Company Database – A comprehensive breakdown of KPIs of the leading mobile operators, including subscriber figures by type (pre-paid and post-paid); 3G & 4G subscriber figures; net additions; market share; ARPU; churn rates; minutes of use; voice and non-voice revenue; financial figures (including operating revenues, net profits and EBITDA).

Regulatory Environment

Details of the regulatory bodies and their responsibilities, as well as a special focus on the rules surrounding competition and interconnection. Also covers the latest updates in the market’s development and regulatory rulings.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.


The Telecommunications Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.