BNamericas - Peruvian fiber company WOW secures US$130mn ...

▤ Summary

Peruvian fiber optics company WOW has obtained a syndicated loan involving 498mn soles (US$132mn) to finance network deployment in the provinces.According to a LinkedIn post by Credicorp Capital, the funds will allow WOW to expand its coverage to underserved areas.Liberty Latin America is one of WOWs main investors, which has provided US$100mn so far.WOW has been developing a fiber optics network outside Lima and has 3mn homes passed.It is among the operators with the highest growth in numbers of users. In 3Q24, its market share reached 20.3%, up from 17.9% in the year-ago period, according to latest figures by regulator Osiptel.Market leader is Telef\xf3nica (29.9%), followed by WIN (21%).

▦ Linked Companies