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.
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.
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 Costa Rica, multinational companies are worrying for delays in the law that modifies fiscal incentives at free ports.
The country was the only one in Central America which had no law on the subject.
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