The minister of Economy is leading a government delegation in Vietnam, which has been there since April 9th, in order to explore investment opportunities for the country presented by the company Viettel Group in the telecommunications sector.
The delegation from El Salvador, headed by the Minister of Economy, aims to monitor this process and demonstrate the Government's interest in facilitating the realization of this investment.
The multinational computer services company from Costa Rica has received capital investment from Aureos Capital Ltd., Capital Creation and E3 Capital.
A press release ITS InfoCom reads:
ITS InfoCom receives $20 million in investment
• The Funds will be used to boost the multinational infocommunication company
San Jose, November 24, 2011 - The American multinational corporation ITS InfoCom, which operates from Costa Rica in eleven markets in the Americas, has received new capital from Aureos Latin America Fund managed by Aureos Capital Ltd., and capital formation Capital E3, to the tune of $ 20,000,000 (twenty million dollars).
The Honduran state-owned telecommunications company has announced it will invest in new technologies to be brought to market next year.
Romeo Orlando Vásquez, head of the Honduran telecommunications company (Hondutel), stated that, "we have been authorized to invest $10 million in technology to be brought out next year... with a view to making the company more competitive".
Costa Rica businesses are insisting that they be granted the necessary permits for installation of cell phone towers that will enable quality communication services.
A communication from the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP) reads:
UCCAEP urges authorities to act to make privatisation of telecommunications a reality.
Since November 2010 installing a cell phone tower within 15 kilometers of a Costa Rican airport has required a detailed analysis and authorisation by the Civil Aviation Authority.
Prior to that date, the Instituto Costarricense de Electricidad (ICE) had no trouble installing the towers, but now the Directorate General of Civil Aviation (DGCA) has decided to adhere to international standards and make everyone endure the the red tape required for granting installation permits.
The Asian company Datang Mobile will support the government in installing high-tech infrastructure.
As part of the efforts the Ortega administration is making to promote Nicaragua in world trade, a cooperation agreement has been signed between the Chinese company Datang Mobile, one of the most important in the global technology sector, and the government.
Datang Mobile, a Chinese telecommunications company is exploring business opportunities in the country.
Representatives from Datang Mobile Communications Equipment Co. Ltd., one of the largest telecommunications companies in China, will shortly arrive in the country.
"Javier Chamorro, Executive Director of the investment promotion agency, ProNicaragua, told La Prensa that "this is a first approach", there is a lot of hope that this global company will decide to invest in Nicaragua.
While operators are putting up new antennas, the lack of regulation in the field is creating problems for the future.
The opening of the telecommunications market in the country has been accompanied by a significant increase in the installation of new antennas, many of them owned by private companies that will join the market when the privatisation process is formalized.
The Spanish company plans to use third party infrastructure to accelerate its entry into the market.
Mercedes Agüero journalist for La Nacion newspaper interviewed the highest ranking representative of the company in the country.
"There some issues such as base stations and microwave frequencies that are priorities. How could this affect the speed with which they want to deploy the network?
Elias Antonio Saca announced his interest in expanding his media business in Nicaragua.
Without giving information on size of investment, he told a local TV station, "Our companies will begin a phase of investment in Nicaragua."
"Saca, who participated last night in a meeting between the government of Daniel Ortega with representatives of the Superior Council of Private Enterprise (COSEP) of Nicaragua, said it will invest in this country on radio, 'which is basically what our family businesses do', "according to ACAN-EFE.
The Minister of Foreign Trade presented opportunities for trade and investment.
The Minister after providing general introduction of the country, highlighted what she called “the Costa Rican value proposal', focused on six main aspects: (1) track record, more than 200 multinational companies have chosen Costa Rica as their advanced manufacturing center (2) highly qualified human resources (3) strategic location (4) excellent business climate (5) quality infrastructure, which allows access to competitive international markets, which is in the process of modernization and strengthening, and (6) excellent quality of life.
Government authorities are seeking to attract Spanish investment in biotechnology, renewable energy and high technology services.
Before Spanish businessmen the Trade Minister, Anabel Gonzalez and the director of the Coalition for Development Initiatives (INCD), Gabriela Llobet, are promoting the country's image as an investment destination. "
According to Lanacion.com, Gabriela Llobet, said: "Costa Rica has great opportunity to become the hub of European companies in order for them to service and supply their customers in America from our country."
The upcoming publication of the conditions for the opening up of telecommunications leads operators to request clearer rules.
Telecommunication companies have asked Costa Rica's Telecommunications Regulator (SUTEL) to provide greater clarity in several areas including procedures for installing Radio Bases, interfacing with networks belonging to the state-owned electricity and telecommunications provider (ICE), and microwave communication.
Costa Rica’s Banco Nacional denies that the $360 million trust to expand high-speed Internet has been cancelled.
Eduardo Doryan, head of the country’s state-owned electricity and telecommunications provider (ICE), had declared that without the trust, the high-speed internet investment was impossible, because an institution the size of RACSA could not possibly finance such a huge project.
A $360 million investment in a high-speed internet network is in doubt due to conflicts between directorates and a lack of government direction.
RACSA is the company responsible for providing Internet and data communication services to both the Costa Rican public and businesses. Formally it is a subsidiary of ICE, the state telecoms and electricity provider.