MADRID, 8 Dic. (EUROPA PRESS) -

Telefónica continues to bet on fiber optics as one of the core technologies of its strategy and has intensified its deployments in Peru to reach two million homes deployed before the end of the year.

The business in Peru is framed in Hispam, the subsidiary that brings together Telefónica's non-strategic assets in the American continent, and the company's fixed network has been involved in negotiations for the entry of an investor in the last two years.

In fact, the operator has already sold majority stakes in its fiber optic network in Chile and Colombia to KKR to create wholesale operators. In Peru, Telefónica has already brought together these network assets in the company Pangea.

The Spanish company began its deployments in Peru in 2017 and has a network of 1.7 million real estate units, as reported this week. Among Pangea's long-term objectives is to increase its network to four million real estate units in the next three years.

The company has a 40.9% market share among the million users who already use this technology in the Andean country and leads the market.

The fixed segment in Peru has become a very competitive area of ​​the 'telecom' business, due to the aggressive behavior at the commercial level of the new fiber companies, as Telefónica Peru explained in its latest results presentation.

The company has yielded 1.4% of its income from fixed services so far this year, despite the fact that the Andean subsidiary has grown 3% in its total income to 5,362 million soles (1,408.62 million euros ).

Telefónica leads fixed broadband with 1.9 million customers, more than double that of Claro, its immediate rival, which barely exceeds 850,000 accesses.