Spanish telecom firm Telefónica announced on Wednesday that it was confident it would reach a deal with the Peruvian government, regarding the renovation of its licenses.

Telefónica is currently in negotiations for the renewal of three of its mobile bands.

Santiago Fernandez Valbuena, CEO of Telefónica Latin America, said the firm expects to reach an agreement by the end of the year, Peru21 reported.

Telefónica and the Peruvian government are still involved in legal actions, regarding the firm’s tax payments.

Meanwhile, the Peruvian government claims the telecom firm owes the state between 200 and 600 million Euros, over unpaid invoices, the daily said.

Telefónica, Fernandez said, paid the government 124 million soles earlier this year, however, the courts have not yet ruled on the outstanding payments.

---

MORE NEWS

• Peru: 5.7M earthquake shakes Apurimac
• Lima: Metropolitano bus destroyed by fire
• Average Peruvian chief executives make 230 soles per hour, study finds
• Peru pushes birdwatching tourism with Birding Rally Challenge
• Peru soccer team makes history at Copa Libertadores