Panamanian Government Won't Sell Stake in Companies

In order to evaluate yields and exercise better control, the Directorate of Investment, Concessions and State Risks was created.

Monday, September 7, 2009

The Government owns 49% of the hydroelectric power plants, 49% of Cable & Wireless (C&W), 10% of Panama Ports Company and 100% of the Electric Transmission Company (Etesa).

"This new directorate will be part of the Finance Ministry, and will participate without voting rights in the boards or decision making entities of these public-private companies", reports Prensa.com.

More on this topic

Panama: Sale of C & W Shares Halted

June 2012

President Martinelli suspended special sessions at the National Assembly, in which there were controversial discussions, among them the sale of the State's shares in Cable & Wireless.

The special meetings were held initially to discuss the proposed creation of a Savings Fund of Panama, the Guardian Angel program and modifications to the Penal Code.

5% of Cable & Wireless Shares

June 2012

The company is aiming to become the majority shareholder of the phone corporation by buying 5% of the shares being sold by the Panamanian government.

The partners of Cable & Wireless (C & W) are on the lookout for a possible sale of the government's shares in the company (49%), in order to acquire 5% more and thus become controlling shareholders with 54% of the company.

Panama to Sell State Shares in Enterprises

March 2012

The government is valuing its shares held in companies such as Cable & Wireless and AES Panama, before offering them to Panamanian citizens.

Ricardo Martinelli’s administration is considering selling shares belonging to the Panamanian Government in joint ventures, reported Prensa.com.

Panama: Cable & Wireless to Offer Digital TV

September 2009

Before the end of the year, the company will offer its clients high definition digital television at competitive prices.

This way, the company is expanding its products portfolio, which also includes fixed and mobile telephony, as well as internet.

From Pa-digital.com.pa: "The Public Services Authority (ASEP) confirmed that in 2010, the country will begin a migration from the current analogous television systems, to digital.

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