Business, Politics

Peru Phone Call Costs to Drop by 58 Percent

The price of phone calls from land lines to cell phones will decrease 58 percent starting Friday, according to the head of telecommunications regulator Osiptel, Guillermo Thornberry.

The decrease is expected to begin when a resolution, published in the official gazette Wednesday, comes into force, Thornberry said, according to state news agency Andina.

The regulation establishes a cap on how much can be charged for those phone calls. The cap was placed at 0.30 soles ($0.11) per minute, including the general sales tax IGV.

Thornberry said that currently the price of phone calls is not regulated and the cost of calls from land lines to cell phones is high at 0.72 soles per minute. A few months ago it cost approximately one sol per minute, he said.

“We hope that the traffic of calls between land lines to mobiles will be considerably more dynamic,” Thornberry added.

Andina reported that the new cap will make Peru’s rate the fifth least expensive in the region, behind Colombia, Mexico, Venezuela and Costa Rica.

Peru’s mobile market is currently served by Claro, a unit of Mexico’s America Movil, Movistar Peru of Spain’s Telefonica, and Nextel, a subsidiary of Virginia-based NII Holdings.

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