Telefonica Pays Peru $47.9 Million in Back Taxes, Comercio Says

Telefonica del Peru SAA (TELEFBC1) said it paid 134 million soles ($49.7 million) in back taxes to the South American nation’s tax agency, newspaper El Comercio reported.

Telefonica, Peru’s biggest fixed-line and mobile-phone operator, was ordered to pay the taxes dating back to between 2000 and 2005 by a local court, the Lima-based newspaper said today in its online edition, citing company officials it didn’t identify.

Telefonica plans to dispute the ruling, Comercio said.

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at Papadopoulos@bloomberg.net

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