Of the 38 radio spectrum frequencies requested by the operator, the Public Utilities Authority awarded just ten.
Resolution No.7207-Telco AN:
"...Recorded in the minutes dated January 16, 2014, the concessionaire TELEFÓNICA MÓVILES PANAMÁ, S.A., requested the allocation of thirty eight (38) additional frequencies to provide the service supracitado ... "
Participating companies awaiting the results of an invitation to tender by Panama's innovation authority (AIG in Spanish) saw it reject all offers received.
Three companies (Telefónica Panamá with a $60 million offer, Cable Onda with $29 million and Cable & Wireless Panama with $36 million) were competing for the contract to provide the state's telecommunications services.
The mini city has become a target for locating companies in offices which now cost $3000 per square meter.
According to an article in Prensa.com "Up to the second half of 2012 there were 139 shops in Costa del Este, with an unemployment rate of 2.23%, one of the lowest in the capital, according to figures from CBRE Panama, consultant real estate. "
Cell-phone companies have 6.6 million wireless phone numbers allocated, but only 3 million are active.
Through March 2009, Cable & Wireless (C&W) and Telefónica Móviles (Movistar) have 2.7 million lines each, Digicel has 900 thousand and ClaroPanama, which has just begun operations, has 300 thousand, according to data from the National Authority for Public Services published by Prensa.com.
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