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 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.

¿Busca soluciones de inteligencia comercial para su empresa?

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

Telecom: Tuenti Changes Ownership to Claro

October 2019

In Guatemala, the telephone company Tuenti reported that it will now be part of América Móvil, owner of the Claro brand, following the sale of Telefonica's shares in early 2019.

In January 2019 it was reported that a business agreement had been reached for América Móvil, S.A.B.

Telecommunications: Investments in Nicaragua

May 2019

After Telefónica was acquired by Millicom, the company plans to invest $1.25 billion in the next five years to expand the network and its services to companies in the country.

On May 16, Millicom reported that it closed the acquisition of Telefonía Celular de Nicaragua, S.A., the number one mobile operator in the country, in addition to TIGO Nicaragua's existing cable operation.

Mobile Telephony Grew Less in 2018

March 2019

After the number of users in operation in Guatemala grew 9% between 2016 and 2017, during the period between 2017 and 2018, the increase was only 2%.

According to the statistical bulletin of the Second Semester - 2018, prepared by the Telephony Regulation Management of the Superintendence of Telecommunications (SIT), between 2017 and 2018 the number of users in the country increased by 481,038, going from 19.9 million to 20.4 million.

The Cell Phone Market in Panama

June 2013

In 2012, telecommunications companies had annual revenues of $939.2 million, of which $572.9 million correspond to the cell phone market. reports that "until the end of last year there were 6.7 million subscribers to mobile phones, representing an increase of 123.3% compared to 2007 when there were 3 million active lines".