Clarocom cuts 2003 predictions

13 Oct 2003

Clarocom, a new player in the Panamanian fixed line market, has cut its revenue forecast for the full year 2003 from USD15 million-USD20 million to USD8 million, following delays in concluding interconnection agreements with incumbent operator Cable & Wireless Panama. The PTO has failed to connect three switches being installed in Colon, Chiriqui and Agua Dulce, leaving Clarocom well behind in its rollout schedule, although it does have four switches connected in the capital, Panama City.