According to a shareholders document, Telefónica will also see a 215mn-euro fall in operating income before depreciation and amortization.
The company responsible for the project announced the hiring of Alcatel Submarine Networks to carry out the marine surveys and the manufacturing activities for the cable.
Clients of the state-run banking giant will be able to perform 11 types of transactions through the instant-messaging application.
Financial consumer protection agency Condusef hopes a new website aimed at consumers will help stem the current wave of cybercrime.
The IT company wants the space to serve for design thinking and the development of solutions, service and product innovations.
The project falls under the auspices of the Telefónica Internet for All Project, which seeks to bring high speed connectivity to 8mn Peruvians in rural areas.