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.
The company reported that it sold all the shares of Telefónica Guatemala and 99.3% of Telefónica El Salvador to América Móvil for $648 million.
The Spanish company stated that the closing of the sale of Telefónica Guatemala took place on January 24, however, the sale of Telefónica El Salvador is subject to the relevant regulatory conditions.
Details from a report given to the Securities and Exchange Commission on the company's activities in the six Central American countries during the first quarter of 2014.
Operating revenues in Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama) during the first three months of 2014 increased by 12.1% compared to the first three months of 2013. Adjusted operating revenue by 7.6%. This increase was mainly driven by the increase in wireless data, broadband and pay-TV services, offset by decreases in VOIP services.
With an investment of $1.1 billion it will connect to Brazil, Colombia, the United States, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
The company announced that it has completed the installation of a submarine fiber optic cable which guarantee services. This project will connect Brazil, Colombia, the USA, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
Costa Rica is the regional leader in 4G data consumption through mobile devices and 4G networks.
America Movil (Claro) and Telefonica (Movistar) agree that Costa Rica is the country with the highest data traffic in Central America, this is because it is the only country that does not charge for downloading data, but rather by the speed offered by providers.
In agreement with America Movil, AT&T will operate in 15 countries including all of Central America.
Expectations are that AT&T will today announce that it will "... extend its reach in Latin America for business customers through a cooperation with the firm America Movil, belonging to the Mexican billionaire Carlos Slim".
A system of 17,500 km of submarine cable, designed for 100 gigabits per second, will connect the U.S. to South America through Central America.
Alcatel Lucent and America Movil plan to put into operation, in late 2013, the system known as AMX-1, connecting seven countries with eleven landing points: Miami and Jacksonville (USA), Barranquilla and Cartagena (Colombia), Fortaleza Salvador and Rio de Janeiro (Brazil), Puerto Plata (Dominican Republic), Cancun (Mexico), San Juan (Puerto Rico) and Puerto Barrios (Guatemala).
In 2015 Central America will sell $2 billion in paid television and broadband services, both wireless and cable.
A report from consulting company Signals Telecom foresees a battle in broadband services, as the average speeds offered in Central America are below South American and Caribbean averages.
Mobile phones, the strongest sector for the regional economy, registered a decline in earnings in 2008.
El Periódico reported on its website: "While América Móvil added 1 million new customers in Central America in 2008, revenues from its subsidiaries in Guatemala, El Salvador, Honduras and Nicaragua fell by 3.4 % and its profits were reduced by 26.6%. Telefónica, the Spanish phone service provider, also reported a fall of 2.9% in the revenues of its subsidiaries in Guatemala, El Salvador, Nicaragua and Panama, with 318 million Euros (U.S. $413 million) in total revenues for 2008."
They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends.
Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region.
All features of a computer that is connected to the internet are now available to Claro cellular customers.
Claro, a subsidiary of America Movil, launched its 3G (Third Generation) services from the first semester of this year, with the capability of surfing at high speeds and using various software applications; nonetheless, with the continued improvements, the network is now 3.5G, said Richard Sherman, Ericsson's IT Manager for Central America and the Caribbean.
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