Shares of Telefonica Peru unit rise 10 pct in heavy volume

LIMA Tue Dec 18, 2012 10:20am EST

LIMA Dec 18 (Reuters) - Shares of Telefonica's Peruvian unit rose 10 percent to 2.3 soles on Tuesday in heavy volume of $1.5 billion, according to traders and data from Lima's stock exchange.

Telefonica, the Spanish telephony giant, has been locked in negotiations with Peru's government about having its local concession renewed.

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