Telecommunications and Foreign Investment

In the last eleven years in Guatemala, companies providing telecommunications services have invested just over $1.26 billion in the sector.

Tuesday, January 29, 2019

Figures from the Bank of Guatemala specify that Telecommunications is the fourth most important economic activity, according to the flows of Foreign Direct Investment that have reached the country, since between 2007 and 2018 an average of $105 million per year has been invested.

You may be interested in "Central America: Cell Phones Market Up to March 2018"

Acisclo Valladares Urruela, Minister of Economy, explained to Prensalibre.com that "... telecommunications are one of the most capital-intensive activities in recent years, which is associated with clear rules for investors, as well as the regulatory framework, which are the legal bases. The companies in the sector because of this regulation bring year after year a large amount of foreign investment to Guatemala."

Ricardo Flores, telecommunications consultant for the firm Global Group, said that "... in addition to capital investment, the sector is also an important generator of direct employment, especially in the infrastructure area. There is investment in cells, transmission towers, fiber optics, and ducts. For Guatemala to be more attractive on a global scale, facilities must be provided to attract more capital for future investments."

There have been movements in the Guatemalan telephony market in recent days, since on January 24 the Spanish company Telefónica reported that it sold all its assets in the country to América Móvil.

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