Hondutel Telecom is Looking for Partners

The Honduran telecommunications company is on the lookout for new partners to provide capital and equipment to improve their services.

Thursday, July 22, 2010

David Barahona, Corporate Strategies manager at Hondutel, remarked that the company needs between $200 and $300 million in investment to be competitive at a national scale.

“These alliances might become reality in the short term, as the board of Hondutel is allowed to offer alternative telephony services, as it may be the only way for this company to recover”, reported Latribuna.hn.

More on this topic

Honduran State Telecom Continues Adrift

July 2013

The Intervention Commission, which failed to initiate a recovery of Hondutel, has missed its deadline, and now the Honduran government has no idea how to reverse the company's crisis.

President Porfirio Lobo has expressed concern over the crisis facing the state enterprise, as the company's budget has not been approved, hindering the start an investment plan to recover it, as well as making it difficult to pay salaries.

Deadline Set for Finding a Partner for Hondutel

June 2013

The company has two months to submit a new plan to the Executive on the integration of corporate governance and the search for a new strategic partner.

So ordered the Minister of the Presidency, María Antonieta Guillén. This comes after the granting of an extension to the term of the commission set up by the Honduran Telecommunications Company (Hondutel).

Bailout of Honduras State Telephone Company

January 2013

The Honduran Council of Ministers has approved a plan to bail out Hondutel, which requires a minimum funding of $200 million.

Laprensa.hn reports that among the actions in the plan is the formation of a comptroller commission, and obtaining funding for $150 million, which must be approved by Congress. These funds would be earmarked for the modernization of the state run company and downsizing.

Hondutel Business Opportunity

August 2012

With an unsustainable monthly deficit of $2 million, the Honduran state run telephone company is receiving offers from at least three companies to form a partnership for providing capital and technology.

Those interested in entering the mobile phone business in Honduras are the U.S. RHINO group, the Israeli LR Group and the Guatemalan - Chinese consortium FIDECO /Datang Mobile.

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