Ecutel sold to Telmex, report says

19 Mar 2007

Mexican fixed line operator Telmex has agreed to buy Ecuadorian wireless broadband operator Ecuador Telecom (Ecutel), reports Reuters, although the deal has not been officially confirmed according to BNamericas. Ecutel is currently owned by Ecuadorian holdings company Emerica Group. TeleGeography’s GlobalComms database notes that Ecutel won a 3.5GHz WiLL licence suitable for WiMAX services in 2002, and operates a broadband wireless network covering Guayaquil and Quito. It also holds a nationwide fixed line operating licence, but concentrates on the internet and corporate markets; it had 600 local telephony lines in service by November 2006. Telmex has previously indicated that it wants to launch fixed wireless and broadband services in Ecuador, where it currently lacks a presence. BNamericas reports that Telmex is also in talks to acquire Peruvian cable holdings company Boga Comunicaciones and is looking to additional markets for acquisitions.

Ecuador, Telefonos de Mexico (Telmex), Telmex Ecuador (Claro)