Telefonica to invest USD 25 mln in Panama this year

Friday 23 March 2018 | 11:54 CET | News
Telefonica plans to invest a further USD 25 million this year in expanding its Movistar Panama business, reports business daily El Economista, citing the unit's general manager Marcelo Mouzo. The main focus of the operator, which has already invested some USD 600 million over the past 10 years, is to further extend the reach of its LTE network beyond the current 70 percent coverage rate, said Mouzo, adding that Movistar is looking to maintain its market share of 36 percent of the local mobile sector.

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.


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: Movistar Panama / Telefonica
Countries: Panama
::: add a comment
This article is part of dossier


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.


Panama opens way to mobile operator consolidation

Published 14 May 2018 14:24 CET | Panama
Panama's National Assembly has finally approved a law repealing previous legislation dating back to the mid-1990s that prohibited ...

Telefonica to roll out Movistar Series channel in Latin America

Published 08 Feb 2018 13:31 CET | Latin America
Telefonica has announced plans to launch its Movistar Series channel throughout Latin America this year, part of its ambitious ...

Telefonica Panama selects Celistics for mobile phone buyback

Published 11 May 2017 19:54 CET | Panama
Telefonica Panama has selected mobile device distributor Celistics for the "BuyBack" service of used mobile phones. The operator ...

Panama looks to cut mobile operators from four to three

Published 19 Apr 2017 10:22 CET | Panama
A bill proposing the consolidation of the Panamanian mobile market via the reduction of the number of operators from four to ...

Telecom sector revenues in Panama grow by 3.2% in 2015

Published 13 Jun 2016 15:05 CET | Panama
The telecommunications sector in Panama reported gross revenues of USD 1.84 billion in 2015, a 3.2 percent growth on the previous ...

Calendar   /   Industry Events

23 Feb RSA Conference
25 Feb Infinera Q4 2019
25 Feb Iridium Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Avast FY results
26 Feb Orbcomm Q4 2019
26 Feb Box Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Shentel Q4 2019
27 Feb Zoom Telephonics Q4 2019
27 Feb Telesat Q4
27 Feb Dell Technologies fiscal Q4
27 Feb VMware fiscal Q4
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Neophotonics Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Masmovil Q4 2019
28 Feb Tecnotree FY 2019
28 Feb Freenet Q4 2019
02 Mar Boingo Wireless Q4 2019
02 Mar GTT Q4 2019
::: More Calendar Items