Peru’s largest telecommunications company, Telefonica Del Peru SAA, recorded third-quarter net profit of US$120 million compared with US$88.20 million in the same period of the previous year.

According to the company, operating revenues were US$341.71million in the third quarter compared with US$ 351.99 million in the same quarter a year earlier. The company posted a gain of US$39.15million for the sale of assets.

Spain’s Telefonica SA controls Telefonica Del Peru, which still has a small float on the Lima Stock Exchange.

The company is a Peru-based company principally engaged in the telecommunication sector. The Company’s activities include the provision of fixed and mobile telephony services, domestic and international long-distance calls, public telephony, Internet access, facsimile transmission services, electronic voice messaging and cable television, among others.

The Company owns such subsidiaries as Telefonica Moviles SA, Telefonica Multimedia SAC, Telefonica Servicios Comerciales SAC, Star Global Com SAC, Telefonica Servicios Digitales SAC and Telefonica Servicios Integrados SA.