Telefonica creates Pangeaco to accelerate FTTH expansion in Peru

Telefonica del Peru has officially announced this last Tuesday, November 24th, the creation of PangeaCO S.A.C., a subsidiary that, according to the company, ‘will be a vehicle that will allow to expand fiber optic throughout the country, with the aim of closing the digital divide’. PangeaCO was created in March 2020, and submitted its request to start operating  to the country’sTransport and Communications Ministry (MTC)  last August.

‘It is important to massify high-speed networks for all Peruvians, especially during this context, in which connectivity has become essential’, reported Pedro Cortez Rojas, Executive President at Telefonica del Peru. ‘We are aware that we will not be able to do it alone. We need alliances and partners to tackle this great challenge, with which the most benefited will be our clients and the country’s digitization process’, the executive added.

As reported by Telefónica del Peru, the new company ‘will expand the higher speed fixed internet in all regions of the country’, with the aim of ‘massifying the fixed high speed networks, allowing to satisfy the demands that the new normality has left’. Likewise, in addition to PanageaCO, another strategy implemented by Telefonica del Peru to close the digital divide in the country is called ‘Internet Para todos’, which focuses on connecting Andean communities or populated centers of Peru with mobile internet.