Mobile Phones: Brilliant Business
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.
Thursday, July 16, 2009
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.
The four mobile phone companies will compete for the market with heavy promotions and aggressive strategies in Panama.
The cost of cell phones in Panama is higher than what others in Central America and the Caribbean countries pay.
Cable & Wireless mobile operator, +Móvil, sold 75.000 cell phones in June 2009.
Cell-phone companies have 6.6 million wireless phone numbers allocated, but only 3 million are active.
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