Alegro PCS ends Swedtel tie-up

26 Apr 2006

Ecuadorian mobile operator Alegro PCS has terminated its management contract with Swedish telecoms services firm Swedtel, according to BNamericas citing Ecuadorian daily El Comercio. The agreement between the pair was set to end in December 2006, but the cellco made use of a clause allowing it to terminate early. Alegro PCS’s decision to foreclose on the contract is alleged to be because Swedtel has failed to meet its business objectives. The mobile operator is still making losses, according to the cellco’s interim administrator Julio Garcia. All Swedtel employees in senior posts have been dismissed from the company. Alegro is jointly owned by Ecuadorian state-run telcos Andinatel and Pacifictel. Swedtel meanwhile, is one of the companies said to be vying to become a strategic partner in Colombian mobile operator Ola.

Ecuador, Telecsa (Alegro PCS)