Banchile Inversiones estimated that Entel’s debt would increase again with the bidding of spectrum in the 700 MHz band being conducted by the Peruvian government. He added that price competition to win the spectrum “will be tough” and that these would be higher than the last bid. “The auction 700 MHz asociado–and their potential cost would have a significant impact on cash flow and debt Entel. The minimum price for each block is
US $ 285 million, or 43% of our estimate of capex in 2016, “he said. On Wednesday, Moody’s had downgraded from Baa2 to Baa3 bond signature
.
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