Start-up sets targets

6 Feb 2004

Ecuadorian telco Nedetel, a company launched last year by four local business men, has revealed that it expects to achieve sales in excess of USD5.9 million in 2004. Nedetel’s operations currently include the provision of DSL access, which is expected to generate revenues of USD4 million this year, and corporate satellite services, which are likely to earn USD1.9 million. From June the company expects to launch public telephony services, with USD6 million scheduled for investment in the rollout of 10,000 payphones. No revenues projections for this new business have been made. Nedetel has also invested USD5 million to activate an ATM fibre-optic backbone using capacity on Pacifictel’s network. Due to launch on 15 March, the new network will offer coverage of eleven provinces.

Ecuador