www.WirelessFederation.com/news: An investment of over USD 150 million has been planned by Korea Telecom (KT), in partnership with Peruvian business group Romero to develop broadband projects in Peru. The aim of the initiative is to expand the country’s broadband infrastructure and make it a driver of national productivity growth.

22 percent of the overall investments in Peru are accounted by the telecommunications sector. According to Jorge Puga, vice-minister of communications, KT is not here to compete, but to develop the opportunities offered by the Peruvian company that already has the spectrum allocated but does not have sufficient capacity to develop the broadband infrastructure.

Broadband infrastructure in the 2.3 GHz spectrum band will be developed by the company while there are other spectrum bands available in Peru for broadband services provision. Tenders for these spectrums could be launched starting with the second half of this year.