Background on Telefónica de Perú and its Current Situation
Telefónica de Perú, a prominent telecommunications company in Peru, has been facing financial challenges. The company serves over 13 million customers and plays a crucial role in the country’s telecommunications sector. Recently, Telefónica de Perú has been involved in a financial reorganization process due to bankruptcy.
Sunat’s Actions Against Telefónica de Perú
The Superintendency National of Tax Administration (Sunat) in Peru has taken legal action against Telefónica de Perú for unpaid taxes related to the Income Tax for fiscal years 2009 and 2000-2001. The latest seizure involves properties worth approximately 318.9 million Peruvian soles (around 87 million US dollars).
Previous Seizures and Company’s Response
Just a week before, on April 24, Sunat had already seized properties from Telefónica de Perú worth 513.8 million Peruvian soles (approximately 139 million US dollars). In response to these actions, Telefónica de Perú assured its customers and stakeholders that these measures would not affect the continuity of its telecommunications services.
“The implemented measures do not compromise nor affect the continuity of the public telecommunications services that the Company provides to its more than 13 million clients,” stated Telefónica de Perú in their essential report to the Superintendency of the Securities Market (SMV).
Recent Sale Agreement
On April 13, it was agreed that Telefónica de Perú would be sold to Argentine company Integra Tec International for 1 million US dollars. This sale comes as the telecommunications company navigates its financial reorganization process following bankruptcy.
Key Questions and Answers
- What is the reason for the seizures? The Peruvian tax authority, Sunat, is taking legal action against Telefónica de Perú for unpaid taxes related to the Income Tax for fiscal years 2009 and 2000-2001.
- How much is Telefónica de Perú in debt? The company owes approximately 318.9 million Peruvian soles (around 87 million US dollars) for the recent seizure, with previous seizures totaling 513.8 million Peruvian soles (approximately 139 million US dollars).
- Will these seizures affect Telefónica de Perú’s services? According to the company, these measures will not compromise nor affect the continuity of their telecommunications services for their more than 13 million customers.
- What is the recent agreement regarding Telefónica de Perú? Telefónica de Perú has agreed to be sold to Argentine company Integra Tec International for 1 million US dollars, as the company navigates its financial reorganization process following bankruptcy.
