Decrease in Telephone Revenues in Central America

Mobile phones, the strongest sector for the regional economy, registered a decline in earnings in 2008.

Thursday, March 5, 2009

El Periódico reported on its website: "While América Móvil added 1 million new customers in Central America in 2008, revenues from its subsidiaries in Guatemala, El Salvador, Honduras and Nicaragua fell by 3.4 % and its profits were reduced by 26.6%. Telefónica, the Spanish phone service provider, also reported a fall of 2.9% in the revenues of its subsidiaries in Guatemala, El Salvador, Nicaragua and Panama, with 318 million Euros (U.S. $413 million) in total revenues for 2008."

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