Digicel to Invest $100 million in Panama

The company, which has operated in the country since 2008, is to invest in expanding its voice and data network.

Friday, June 24, 2011

The company currently has 25% of the telecommunications market in Panama and has set a short term goal to position iteself in second place among companies operating in the market.

The announcement was made by the new CEO of Digicel Panama, Mario Mendez, who also "... denied that Digicel Panama has been purchased as suggested by rumors that circulated after Claro's acquisition of 100% of Digicel's operations in Honduras and El Salvador", reported Prensa.com.



More on this topic

Panama: 88 More Frequencies for Digicel

April 2014

The Public Utilities Authority has awarded to Digicel eighty-eight of the 230 additional frequencies requested by the company.

From a statement issued by the National Public Services Authority of Panama:

Resolution:

FIRST: ASSIGN to the concessionaire DIGICEL (PANAMA), SA, eighty-eight (88) additional frequencies, which are detailed below, to provide a Personal Communications Service (PCS), identified with the No.106, whose technical parameters are described in Appendix A entitled "Frequency Use Authorizations (AUF)" (see source).

Panama: Digicel and Claro with 30% of Market in 2015

December 2010

Pyramid Research predicts that Digicel will reach 21.3% of the mobile market and Claro 11.7% in 2015.

The research firm expects the market to continue growing hand in hand with increased demand for data services, but it is close to saturation point, with a penetration of 137% in late 2010.

Digicel enters cellular competition in Panama

December 2008

Digicel Panama, announce its strategy that the company will use to start competing this month in Panama against Cable & Wireless and Telefonica Movil.

The operations of Digicel starts with an investment of more than $350 million, a new GSM/EDGE network and the opening of the more than 100 exclusive stores countrywide on Tuesday.

Digicel and Claro sign contracts for Panama wireless concessions

May 2008

Ireland-based Digicel and Claro, a unit of Mexico's América Móvil, signed contracts for the provision of wireless service in Panama, where their concessions oblige them to install four radio bases.

Manuel Troitiño, telecommunications director of the National Public Services Authority (ASEP), said both companies would have to apply to ASEP for frequencies or microwave links between the radio bases.

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