Dividends corresponding to telecoms shares in the first quarter of the fiscal year 2013-14 totaled $13.8 million.
"The government, which owns 49% of the shares, is entitled to $6.8 million and an equal amount will got to CWC CALA Holdings Limited, through its shareholding of 49%", reported Prensa.com. Of the remaining 2%, $278 thousand will be allocated to the trustee (Banco General SA).
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.
The telecommunications transnational is interested in operating in Costa Rica and it could invest $400 million in infrastructure.
According to Pa-digital.com.pa, Jorge Nicolau, president and manager of Cable & Wireless Panama, indicated that "the guarantee, the efficiency, and the experience of its platform in Panama and in other countries place them as one of the main candidates to reach the more than 4.5 million Costa Ricans."
Service Provider, focus on Central America Telecommunications market. Mobile Network Roll-Out from Site adquisition a Civil Works to Network Integración and Optimization. Project Management consultant
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (502) 2386 1010 - (502) 5200 9100
The Chamber of Information and Communication Technologies (CAMTIC for its acronym in Spanish) is a nonprofit private trade organization for IT companies representative in Costa Rica & Central America.
Operates in Costa Rica
Phone: (506) 22832205