0
General

Hondutel requests HNL 100 mln loan to launch new services

Monday 6 June 2016 | 15:11 CET | News
Honduran state-owned operator Hondutel has requested a loan of HNL 100 million (around USD 4.4 million) from the country's finance ministry (Sefin) to develop a number of new projects and avoid privatisation, reports local portal HRN, citing the operator's union representative Orland Mejia. The company reported net profits of just HNL 68.9 million last year but surpassed that in the first four months of 2016, having put in place a major restructuring plan to save HNL 454 million in annual costs. At the start of the year, the operator announced plans to invest HNL 120 million in 2016 to launch

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Hondutel
Countries: Honduras
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Hondutel posts USD 2 mln loss in Q1

Published 16 Apr 2018 11:03 CET | Honduras
Honduran state-owned operator Hondutel reported a HNL 49.3 million (USD 2.1 million) loss in the first quarter of 2018, with ...

Hondutel customers down 11% to 379,000 in Q1

Published 04 Jul 2017 10:06 CET | Honduras
Honduran state-owned operator Hondutel ended the first quarter of 2017 with 379,403 customers, down 10.9 percent year on year, ...

Honduras fixed line connections plunge another 11%

Published 13 Jun 2017 09:32 CET | Honduras
The number of fixed line connections in Honduras fell a further 10.9 percent year on year to just 442,929 in 2016, reports local ...

Hondutel profits plunge to HNL 10.5 mln in Q1

Published 27 Apr 2017 11:14 CET | Honduras
Honduran state-owned operator Hondutel posted net profits of HNL 10.5 million in the first quarter of the year, compared to HNL ...

Hondutel sees record profits in first five months of 2016

Published 20 Jun 2016 16:02 CET | Honduras
The economic rescue plan for Honduran state-owned operator Hondutel has helped the company post profits of HNL 96.8 million for ...

Hondutel looking to double profits to HNL 200 mln this year

Published 12 May 2016 14:26 CET | Honduras
Honduran state-owned operator Hondutel is aiming to more than double its profits to over HNL 200 million by the end of 2016, ...

Maldonado sworn in as new CEO of Hondutel

Published 18 Apr 2016 08:56 CET | Honduras
The assistant manager of the Honduran Telecommunications Company (Hondutel), Melvin Maldonado, has become the new CEO, taking the ...

Hondutel profits up 922% to HNL 68.5 mln in Q1

Published 15 Apr 2016 09:53 CET | Honduras
Honduran state-owned operator Hondutel posted net profits of HNL 68.5 million in the first quarter of the year, up 922 percent ...

Hondutel to invest HNL 120 million to improve services

Published 06 Jan 2016 13:35 CET | Honduras
Honduras state-owned telecom operator Hondutel will continue this year planned investments of HNL 120 million to create and ...





Calendar   /   Industry Events

27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Neophotonics Q4 2019
27 Feb Baidu Q4 2019
27 Feb Dell Technologies fiscal Q4
27 Feb VMware fiscal Q4
27 Feb Zoom Telephonics Q4 2019
27 Feb Telesat Q4
27 Feb Interxion EGM
27 Feb Profile: Youfone
28 Feb Freenet Q4 2019
28 Feb Tecnotree FY 2019
28 Feb Masmovil Q4 2019
02 Mar GTT Q4 2019
02 Mar Boingo Wireless Q4 2019
02 Mar Maxar Technologies Q4 2019
02 Mar Capacity Middle East
03 Mar HPE fiscal Q1
03 Mar F5 Networks analyst meeting
04 Mar Tech Data fiscal Q4
04 Mar Dialog Semiconductor Q4 2019
04 Mar Verimatrix FY results
04 Mar Zoom Q4 2019
04 Mar Marvell Technology fiscal Q4
04 Mar OCP Global Summit
05 Mar Immersion Q4 2019
05 Mar Dasan Zhone Q4
05 Mar Cellcom EGM
::: More Calendar Items