The paper discusses the occurrence of scintillations of ATS 3 (137 MHz) beacons recorded at Huancayo on geomagnetically quiet and disturbed days during the years 1969--1976 and compared the results with the corresponding occurrence of range and frequency spread F at Huancayo. During the equinoctial months and the December solstical months the geomgnetic activity reduces the equatorial scintillations during premidnight hours but increases their occurrence during the postmidnight hours. These features are very similar to the effect of geomagnetic activity on the occurrence of the range type of equatorial spread F rather than on the occurrence of frequency spread, which decreases for any hour of the night during geomagnetic active periods. During the June solsticial months, the occurrence of both scintillations and spread F is very much reduced; however, both the phenomena are more frequent on disturbed than on quiet days for any of the hours of the night. These effects are consistently the same for any of the years within the solar cycle. It is suggested that the equatorial radio scintillations at 137 MHz during the nighttime are produced primarily by the occurrence of the range type of spread F. The geomagnetic effects are due to the modifications of the equatorial electric field by the geomagnetic disturbance and thereby affect the development of F region irregularities causing scintillations.