Cable & Wireless Panama: Sales of $667 million

Sales increased by 8% during last fiscal period, when compared to the $617 million sold during the previous period.

Monday, May 25, 2009

Even with the entry of two newcomers, Claro and Digicel, into the Panamanian telecommunications market, Cable & Wireless managed to record an 8% increase in sales last fiscal period, which ended on March 31.

According to Prensa.com, George Nicolau, CEO of Cable & Wireless Panama, said: "These excellent results are due to aggressive promotional offers, improved coverage and customer service."

More on this topic

+Móvil Hits 2.6 Million Cell Phone Lines

July 2009

Cable & Wireless mobile operator, +Móvil, sold 75.000 cell phones in June 2009.

"+Movil cell phone market share is 57%, and competes with Telefónica, Digicel and Claro Panamá", said Roberto Mendoza, the company's executive director of Corporate Affairs.

+Movil 2.5 million users send 17 million short text messages each month.

Mobile Phones: Brilliant Business

July 2009

Panama imported $190 million worth of mobile phones in 2008, at a time when Claro was not operating in the country and Digicel was just starting.

This industry is growing at rapid pace, fueled by the fast advances in technology, as new features are being added almost constantly: longer lasting batteries, internet navigation, video calls, GPS, etc.

Two Cellular Phones Per Panamanian

April 2009

Cell-phone companies have 6.6 million wireless phone numbers allocated, but only 3 million are active.

Through March 2009, Cable & Wireless (C&W) and Telefónica Móviles (Movistar) have 2.7 million lines each, Digicel has 900 thousand and Claro Panama, which has just begun operations, has 300 thousand, according to data from the National Authority for Public Services published by Prensa.com.

Panama: Strong Competition in Cellular Telephone Services

April 2009

The four mobile phone companies will compete for the market with heavy promotions and aggressive strategies in Panama.

Competition between Digicel, Telefónica Movistar, +Mobile Cable & Wireless and Claro in order to attract more customers with prepaid service plans has increased.

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