Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nicaragua Opens Mobile-Phone Market to Xinwei, Nuevo Diario Says

Don't Miss Out —
Follow us on:

Sept. 7 (Bloomberg) -- Nicaragua will allow China’s Xinwei Telecom Enterprise Group to compete against two other mobile-phone providers in the Central American nation, El Nuevo Diario said.

The privately-held Xinwei may invest $300 million in the first two years and as much as $800 million in total for Internet and mobile-phone service rights, the Managua-based newspaper reported today, citing Orlando Castillo, president of Nicaragua’s telecommunication regulating agency.

America Movil SAB, Mexico’s largest wireless provider, and Spain’s Telefonica SA also provide mobile phone service in Nicaragua, El Nuevo Diario said. Nicaragua has six million mobile phones in use, the newspaper said.

To contact the reporter on this story: Eric Sabo in Panama City at esabo1@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.