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Friday, July 20 2018 @ 08:21 AM EDT

Claro Panama delays launch plans

Foreign Direct Investmenttelegeography.com - According to Panamanian news source La Estrella, new licensee Claro Panama, a wholly-owned subsidiary of Mexican telecoms giant America Movil, has delayed its commercial launch until April 2009. According to the Luis Chamorro, spokesman for the country’s regulator Autoridad Nacional de los Servicios Publicos (ASEP), the delay comes following problems encountered by the operator in completing the installation of base stations needed for its network. According to TeleGeography’s GlobalComms database, Claro was awarded a licence in May 2008, paying USD86 million for its concession. Under the terms of its licence it was originally required to launch services and agree interconnection fees with other operators within four months of the award, but this was subsequently extended to the end of the year. Digicel, which was awarded the other licence made available in May 2008 launched commercially in December as planned.
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