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Thread: Carlos Slim to expand into Panama?

  1. #1
    claude
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    Carlos Slim to expand into Panama?

    Interesting news about Panama and Carlos Slim:

    Panama will auction two new cellular phone licenses at a minimum price of $36 million each, in a bid to increase competition and encourage lower prices and improved services, the government said on Monday.

    Michael Mihalitsianos, the director of National Authority for Public Services, told a news conference the two new contracts will be awarded in March 2008, after a pre-qualification period, which is already under way.

    He said around half a dozen companies had expressed interest in the 20-year concessions, including Mexico's America Movil (AMX.N: Quote, Tailor Made Servers, Research) (AMXL.MX: Quote, Tailor Made Servers, Research), Latin America's largest cell-phone company owned by billionaire tycoon Carlos Slim.

    Panama to auction cellular licenses by March 2008 | Technology | Reuters
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  2. #2
    panamapal
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    That still seems like a lot of money, but it will be good for the consumer to get more options for cell phone service. Thanks for the news!
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  3. #3
    Nosfer
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    well, that means that cellphone business could be a hit there... espcially if you could sell phones that are *open* to all networks.
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    tallman33
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    Aren't there some cellphone carriers that work all over the world? I thought that was the basis of AT&T's ad campaign.
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  5. #5
    Nosfer
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    well there are some phones that work world-wide on any provider... but those that you buy straight from your cellphone network are usually "locked" in their network.
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