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Carlos Slim loses Peru 4G tender

Tuesday, July 23, 2013

Mexican billionaire Carlos Slim, through his América Móvil company, lost a tender in Peru to operate fourth generation, 4G, mobile services.

The bid was won by Spain's Telefónica Móvil and Americatel.

Peru's Communications vice-minister, Raúl Pérez-Reyes, said both companies will invest some $1 billion over the next 10 years.

Source (in Spanish): Notimex