Xinwei Telecom Starts Investing in Nicaragua

A year after obtaining the concession, the Chinese telecom company has started importing the equipment necessary for the provision of services for fixed and mobile telephones and internet.

Tuesday, February 18, 2014

An article in Elmundo.com.sv reports that "The government of Nicaragua expects that Xinwei will invest $700 million in 2013, just in setting itself up as a company, said Orlando Castillo, CEO of Telcor, who stated that the total investment will culminate at the end of 2015."

Now Pablo de la Roca, Xinwei representative in Nicaragua has said that " ... that amount of money will be invested this year and services will be offered initially to 240 thousand subscribers, reaching about three million users."

Last weekend seven containers of technological equipment valued at $100 million arrived at the port of Corinto." This equipment makes up the core of the network, servers, service delivery platform, base radios, antennas and units for high-speed broadband."

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