Ministry hails mobile sector as biggest investor

14 Jun 2006

Paraguay’s mobile operators are the national leaders in terms of investment projects this year, according to the country’s Ministry of Industry and Trade, with a total value of planned projects greater than any other industry sector. The figures have been boosted by Hola Paraguay’s planned projects costing USD81.6 million this year, partly funded by investment from Japan’s KDDI. Market leader Telecel, a unit of Millicom International Cellular, plans annual CAPEX of USD16.6 million.

Paraguay, Hola Paraguay (Vox), Tigo Paraguay