Digicel to pump US$334m in Panama operations
The project consists of the construction and operation of a greenfield mobile cellular telephone network in Panama.
Monday, September 8, 2008
The total cost is estimated at US$334 million. The proposed IFC investment is up to US$50 million 'A' loan for IFC's own account.
Digicel Group will acquire 35.8% of Digicel Holdings Central America Limited (DHCAL) for $215 million.
The Digicel Group confirmed yesterday in Panama their decision to invest "multi-million dollar" sums of money in cellular communications in Central America.
At the end of 2013 mobile phone services in Costa Rica will have reached at least $1,1 billion, according to calculations by market analyst, Signal Consulting.
Panama awarded Irish-backed Digicel Panama and Claro Panama, a unit of billionaire Carlos Slim's America Movil, concessions to run new mobile phone networks on Wednesday.
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