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Old 10-31-2007   #1 (permalink)
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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Old 10-31-2007   #2 (permalink)
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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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Old 11-01-2007   #3 (permalink)
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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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Old 11-02-2007   #4 (permalink)
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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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Old 11-03-2007   #5 (permalink)
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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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