TELCOR –Nicaraguan Regulator Entity- announced the bidding for 1785-1805 MHz frequency for a third wireless operator. Although Claro and Movistar -actual operators- shown interest on this bidding, Xinwei Telecom Enterprise Group ( PR China – Est. Nov-95) confirmed a USD$300M investment for a two years period. According to TELCOR´s CEO the bidding outcome will focus on extending and improving coverage for rural areas.
China investment: A new cellular company in Nicaragua (Cont.)