Telecoms and Internet in Nicaragua
The industry is characterized by low levels of market penetration in Nicaragua with little competition and huge future growth potential.
Thursday, August 5, 2010
An article in Ecommerce Journal analyzes the recent development of Nicaragua's telecommunications market. It highlights the issue of the poorly executed privatization and the resulting fixed-line monoply as being a cause for concern. Mobile and Internet markets, meanwhile, are a controlled by a duopoly.
From 2009 to date, the local market has grown by 37% to around $700 and $800 million per year, distributed between Claro, Movistar and Yota.
Internet via WIMAX will be available in June, reported company executives.
The subsidiary of Russian state company Rostejnologuii will invest $50 million, looking to double the number of fixed telephony users.
In alliance with partner company Yota, Samsung Electronics will offer mobile Internet in the country starting May 2010.
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