Panama: Cable Onda Changes Ownership

With a $1.460 million investment, Millicom International Celular completed the acquisition of 80% of the capital of Cable Onda, one of the country's telephone, Internet and cable TV operators.

Tuesday, October 9, 2018

Cable Onda announced in a press release that following an extensive conversation process, Cable Onda S.A. and Millicom International Cellular S.A. have established a strategic alliance in which Millicom assumes an important ownership of Cable Onda as well as the business management. The agreement includes Telecarrier and Fronteras Securtity.

Meanwhile, Nicolas Gonzalez, general manager of Cable Onda, said to that they are "... Excited to be Millicom's partners in this next phase of Cable Onda's history, because we have achieved a broad complement of the trajectory and knowledge of Cable Onda's local market, with the international experience offered by a group such as Millicom".

Mauricio Ramos, CEO of Millicom, explained that "... Our vision is to work together with our strong local partners and with all of Cable Onda's co-workers to extend the company's market leadership and continue to provide and expand the digital services portfolio to many more Panamanians, thus contributing to the country's socioeconomic development."

See Cable Onda press release.

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Costa Rica: Telecom Ownership Changes

October 2018

With a $250 million investment, Liberty Latin America completed the acquisition of 80% of the capital of Cabletica, one of the country's leading cable operators.

Liberty Latin America operates in Chile, Panama and the Caribbean, and with the purchase of Televisora de Costa Rica S.A. will access the Costa Rican market through this cable operator that has more than 327 thousand subscribers.

El Salvador: Conditions for Cable Companies Merger

June 2017

The Superintendency of Competition has ruled that conditions be set on the acquisition of the companies Caribeña and Caribeña Cable de El Salvador by Telemóvil El Salvador.

From a statement issued by the Superintendency of Competition:

Panama: Cable Onda acquires Advanced

November 2010

Cable Onda acquired 100% of Advanced operations following an agreement between the shareholders of both institutions.

Following this transaction, Cable Onda increases its market share in business telephone, internet and cable TV in both residential and corporate and SME.

Panama: $2.2 Billion in Broadband and Paid TV

June 2010

A report by Signals Telecom Consulting indicates that in 2015, Panamanian telecoms will sell $2.2 billion in broadband and paid TV services.

According to the study, the broadband competition currently revolves around providing higher access speeds.

“Cable & Wireless and Cable Onda are the largest competitors in fixed services.