Watchdog Auctions 2 Mobile Brands

May 23 |20:00
Last Updated on Thu, 24 Jun 2010 01:30
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Watchdog autions 2 mobile brands Panama's public services regulator Asep plans to launch an auction for two mobile concession licenses in October and award them in 2008, local and international press quoted Asep official Víctor Urrutia as saying. Bids for the 30-year concessions are expected to be above US$30mn.
The move is aimed at increasing mobile penetration to 70% from 50% today. The new licenses could draw interest from some of the regional operators not already operating in Panama, namely Mexico's América Míóvil (NYSE: AMX), or the Caribbean's Digicel. Currently Panama has two mobile operators, Movistar, of Spain's Telefiónica (NYSE: TEF), and the local unit of the UK's Cable & Wireless.

Written By: Staff Writer
Source: Business News Americas
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Written on Wednesday, 23 May 2007 20:00 by PanaBroker

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Tagged underNewsFinancial NewsWatchdog Auctions 2 Mobile Brands30 year concessionasepmobile penetrationcable and wirelesstelefonicaspainunited kingdom
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