View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 3, 1994


By CBR Staff Writer

Despite the aspersions cast by Moody’s Investors Service Inc (page seven) – Telefonica de Espana SA has defended its Peruvian acquisitions, saying that the price guaranteed a profitable investment – of the total amount, $610m would be reinvested by the Peruvian government in the companies, and the activities covered in the acquisition, added to tax incentives related to the operation, meant the return on investment exceeded the opportunity costs of any other similar investment in Peru, and takes into account a dominant position in the Latin American telecommunications sector, and positioning in markets for cellular phones, multimedia and yellow pages – But even with the premium the investment is clearly profitable, Telefonica said; it is also negotiating with potential investors in Argentina and Chile that are likely to participate in the purchase of the two companies.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.