BMI View: Peru has historically underperformed its regional neighbours, however, we believe it may be about to turn things around in 2013 and 2014.The introduction of a number of new players into the market, a high level of postpaid growth, as well as legislation from the regulator, Osiptel, has led to an improved outlook for the industry. Mobile subscriber numbers are growing steadily, but penetration rates still sit below the 100% market – we forecast it will pass this figure during the first half of 2013 and should continue to grow steadily beyond this. On the downside, purchasing power is …
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