Hondutel to invest $33 million in Honduras infrastructure
The Honduras Telecommunications Company, Hondutel, is planning to install 90,000 new copper lines this year.
Tuesday, July 15, 2008
The landline telephones do not face competition and currently has about 600,000 users. It has installed 30,000 new lines so far this year.
The Honduran Council of Ministers has approved a plan to bail out Hondutel, which requires a minimum funding of $200 million.
Hondutel invited bids for purchasing wireless terminals, to increase the number of phone lines under project 'Oye'.
With an unsustainable monthly deficit of $2 million, the Honduran state run telephone company is receiving offers from at least three companies to form a partnership for providing capital and technology.
The Intervention Commission, which failed to initiate a recovery of Hondutel, has missed its deadline, and now the Honduran government has no idea how to reverse the company's crisis.
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