Summary of Proposed Investment
Project Number
11664
Company Name
America Movil Peru S.A.C.
Date SPI Disclosed
Nov 12, 2002
Country
Peru
Industry
Telecommunications and Technology
Projected Board Date
Dec 12, 2002
Status
Completed
Sector
Mobile Telephony
Department
WBG Digital and AI
Environmental Category
B - Limited
Previous Events
Approved : Mar 6, 2003
Signed : May 7, 2003
Invested : Jun 13, 2003
Project Description
The project consists of the expansion and upgrade of TIM Peru’s cellular network, the third largest in the country, to increase capacity and population coverage, improve quality and reliability, and offer more value added services. The company acquired its mobile license in May 2000 through a competitive bidding process and launched initial service in January 2001. As of end-August 2002, TIM Peru had over 300,000 subscribers.
TIM Peru intends to expand the availability of mobile services to a larger part of the population, particularly through the aggressive use of prepaid services, which are typically more affordable. Further, the increase in mobile penetration resulting from the expansion of a third operator will foster greater competition in the Peruvian telecommunications sector, thereby increasing access to reliable and affordable telecommunications and other value added services.
IFC’s role is to provide long-term financing to the company at a time when financing flows to telecommunications companies in emerging markets have receded due to a global downturn in the sector.
TIM Peru intends to expand the availability of mobile services to a larger part of the population, particularly through the aggressive use of prepaid services, which are typically more affordable. Further, the increase in mobile penetration resulting from the expansion of a third operator will foster greater competition in the Peruvian telecommunications sector, thereby increasing access to reliable and affordable telecommunications and other value added services.
IFC’s role is to provide long-term financing to the company at a time when financing flows to telecommunications companies in emerging markets have receded due to a global downturn in the sector.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Av. Carlos Villaran 140
Piso 10, Santa Catalina, La Victoria, Lima, Peru
E-mail mundotim@mail.tim.com.pe
Piso 10, Santa Catalina, La Victoria, Lima, Peru
E-mail mundotim@mail.tim.com.pe