Home » Uncategorized » Nicaragua will sign $300M satellite contract.

Nicaragua will sign $300M satellite contract.

Nicaragua will sign $300M satellite contract.
Nicaraguan Government through Telecommunications Regulator entity TELCOR announced the signing of a $300M satellite contract with China Great Wall Industry Corporation (CGWI- 1980- P.R. China) CGWI entered into the international commercial satellite market signing contracts with Nigeria 2007, Venezuela 2008, and Bolivia 2010. TELCOR´s CEO informed that Nicaraguan satellite named Nicasat-1 will improve mobile, fixed, and internet telecommunications focusing on rural areas. Also it could be rented for other countries and used for broadcasting TV, police, army, and for securing communication after natural disasters. Contract conditions included 15 years payment and 2-3% interest rate.

http://www.cgwic.com/

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