Former Salvadoran President Announces Investments in Nicaragua

Elias Antonio Saca announced his interest in expanding his media business in Nicaragua.

Thursday, January 20, 2011

Without giving information on size of investment, he told a local TV station, "Our companies will begin a phase of investment in Nicaragua."

"Saca, who participated last night in a meeting between the government of Daniel Ortega with representatives of the Superior Council of Private Enterprise (COSEP) of Nicaragua, said it will invest in this country on radio, 'which is basically what our family businesses do', "according to ACAN-EFE.

More on this topic

Nicaragua Announces Purchase of Chinese Satellite

September 2012

The Government of Nicaragua is negotiating with a Chinese company to buy a $300 million satellite, whose installation will begin in March 2013 and will be completed in 2016.

The purchase and subsequent installation of the satellite will help reduce the cost of cellular services, expand internet to rural areas and provide a system for monitoring and natural disaster prevention.

New Business Between Nicaragua and China

August 2011

The Asian company Datang Mobile will support the government in installing high-tech infrastructure.

As part of the efforts the Ortega administration is making to promote Nicaragua in world trade, a cooperation agreement has been signed between the Chinese company Datang Mobile, one of the most important in the global technology sector, and the government.

Chinese Telecoms Company Analyses Investment in Nicaragua

August 2011

Datang Mobile, a Chinese telecommunications company is exploring business opportunities in the country.

Representatives from Datang Mobile Communications Equipment Co. Ltd., one of the largest telecommunications companies in China, will shortly arrive in the country.

"Javier Chamorro, Executive Director of the investment promotion agency, ProNicaragua, told La Prensa that "this is a first approach", there is a lot of hope that this global company will decide to invest in Nicaragua.

Telephone companies to invest $300 million in Honduras

January 2009

In 2009, Digicel will invest between $150 and $200 million, Tigo between $100 and $150 million and Claro between $50 and $100 million.

Elheraldo.hn reports: "There has been a historic amount of investment in cellular phones in Honduras.

This behavior will continue in the medium term, executives from Tigo, Claro and Digicel agreed, although they preferred to speak anonymously so as not to reveal their strategies.

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