Delays on new law put Honduras telecoms investments on hold

Investments in telecommunications in Honduras are being held up by delays in approval by the National Congress of a framework law for the sector.

Thursday, May 22, 2008

"Private phone operators reckon they will have cancelled plans for US$50 million of investment by the end of this year," said a spokesman for the telephone companies' association, Asetel.
"What we're looking for is a law that makes clear the rules of the game and ensures a level playing field," he added.

More on this topic

The Monopoly on Cell Phones is Hard to Crack ...

September 2011

Since November 2010 installing a cell phone tower within 15 kilometers of a Costa Rican airport has required a detailed analysis and authorisation by the Civil Aviation Authority.

Prior to that date, the Instituto Costarricense de Electricidad (ICE) had no trouble installing the towers, but now the Directorate General of Civil Aviation (DGCA) has decided to adhere to international standards and make everyone endure the the red tape required for granting installation permits.

FDI down in Central America and Caribbean

September 2009

The manufacturing sector as a whole saw a decline in FDI due to a sharp drop in flows to Central America and the Caribbean.

In Central America and the Caribbean (other than financial centres), the decline in FDI inflows was largely due to a 20% fall in flows to Mexico, which mainly resulted from a halving of inflows to the manufacturing sector (CNIE, 2009).

Multinationals Await Free Port Law

September 2009

In Costa Rica, multinational companies are worrying for delays in the law that modifies fiscal incentives at free ports.

Two articles in Nacion.com reveal Intel's and Bridgestone's concern for insecurity in investment planning caused by delays in the approval of the law, which is being studied by Congress.

Number Portability Act in Honduras

June 2013

The country was the only one in Central America which had no law on the subject.

Telephone companies have until next September 30 to do everything that the law requires to start operating a number portability system by October 1.

According to Deputy Thomas Zambrano, the law will benefit more than seven million users who are subscribed to three mobile companies including Tigo, Claro and Hondutel.

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