Millicom to Buy Out Celtel in HondurasThursday, July 1, 2010 Millicom International Cellular S.A today announced that Millicom and its local partner in Honduras have reached an agreement that gives Millicom full control of Celtel, its Honduran subsidiary. Under the revised shareholders' agreement, the local partner has granted Millicom an unconditional call option for his 33% stake for the next five years. Millicom has granted a put option for the same duration to the local partner in the event of a change of control of Millicom. Swedish firm buys AMNET for $510 millionTuesday, July 22, 2008 The Swedish firm Millicom has purchased the telecommunications company AMNET for 510 million dollars, and will acquire its 350,000 cable clients in Honduras, Costa Rica and El Salvador. AMNET offers services of cable television, telephone and internet as a multimedia "Triple Play" package. Honduras: $5 Million for San Pedro Sula AirportThursday, December 17, 2009 The remodeling project comprises extending the commercial area and erecting 4 control stations. These control stations will be used to provide additional security at the air terminal. The Multiplied Impact of Strikes at PortsMonday, November 18, 2013 Logistics is the system of veins and arteries through which global trade flows, and the ports are the heart of this system; a strike has the same impact as a heart attack in a human being. An article in Prensa.com states: "What should be ceaseless port activity has become bogged down. Nothing is worse for a production system, and is even more worrying when it affects to the logistics industry. Panama: Container Movements Down 12%Thursday, January 5, 2017 Between January and October 2016, the movement of 5.1 million containers, measured in TEUs, was recorded, 11.8% less than in the same period in 2015. In units, 3.1 million containers were moved through Panamanian ports in the first ten months of 2016, 11% less than in the same period in 2015. Company Profile Organization that operates in Panama.
Panama: Maritime Transport up to February 2016 -Wednesday, April 13, 2016 The movement of containers in domestic ports fell by 11% up to February, going from a million containers to 969,000 between 2015 and 2016. The movement of containers in the National Port System measured by TEUs decreased by 11.7% during the first two months of 2016 compared to the same period last year, totaling 969,311 compared to 1,097,902 recorded in the previous period. Apparel Company Motex Will Operate From HondurasWednesday, February 17, 2010 The Canadian textile company will start operating from Port Cortés Free Zone in March. In its first phase, the “maquiladora” will generate 400 jobs. Desires Hotel International invests in HondurasWednesday, October 14, 2009 By the end of the year the chain of Hotels Desires International will open the Blue Ocean Reef omplex in Roatan Island. The resort will host 17 luxurious villages, an infinite pool, a beach club, spa services at the guest rooms and several gastronomical alternatives. Only Two Bids for Terminal in Puerto CortesWednesday, January 30, 2013 A French-Catalan group and a Philippine company were the only bidders in the tender for the concession of the container terminal in Honduras. A statement from the Commission for the Promotion of Public-Private Partnerships (COALIANZA) reads: Duke Energy to invest $45 million in GuatemalaTuesday, July 7, 2009 Construction of the San Cristobal hydroelectric in Alta Verapaz is scheduled to start in six months. The project was originally won by Inver Energy, but this company was adquired by Duke Energy. Duke will carry on the project, expected to generate 600 jobs. Tocumen Airport Expansion 18% ReadyTuesday, May 18, 2010 The project to expand the main airport of Panama is 18% ready; it is scheduled to be ready on the second half of 2010. When the works are finished, Tocumen International Airport will be capable of attending 10 million passengers a year, a 100% increase over its current transit of 4.7 million passengers. Panama Endorses Container Port ConcessionThursday, January 29, 2015 The National Assembly has approved a 20 year concession contract signed with PSA Panama International, to build and operate a container terminal with an investment of $350 million. From a statement issued by the National Assembly of Panama: Panama Among the Three Best Places to Retire ToFriday, January 6, 2012 The American publication International Living has placed Panama, along with Ecuador and Mexico, as the most interesting destinations in its 2012 index. These three countries were selected for their low cost of living and warmer climate (among other things) and are followed by Malaysia, Colombia, New Zealand, Nicaragua, Spain, Thailand and Honduras. Millicom Buys 55% of Navega for $60 millionMonday, March 16, 2009 With this transaction, Millicom International Cellular controls 100% of Navega. Navega was created in 2000 by Comcel which is part of Millicom, the Spanish company Iberdrola, EDP in Portugal and Teco Energy in the US, and it provides data transport services in Guatemala, El Salvador, Honduras and Nicaragua. |
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