Andinatel takes control at Telecsa

23 Feb 2005

Ecuador’s largest fixed line telco Andinatel has agreed to acquire the 50% stake in mobile operator Telecsa currently held by its sister company Pacifictel. The deal will give Andinatel sole ownership of Telecsa, which is the newest and smallest of Ecuador’s three cellular operators. A report from BNamericas says that Telecsa recently requested a cash injection from Pacifictel but this was refused and it opted to offload its shares instead. The news has not come as a surprise as Pacifictel has commented in the past that it might exit Telecsa in order to ease its financial difficulties. Telecsa launched in December 2003 and currently claims around 75,000 customers, while its two rivals, Conecel and BellSouth Ecuador, serve more than three million subscribers between them.