14 bidders line up for wireless concessions

28 Sep 2007

Panama’s public services regulator Asep is quoted by BNamericas as saying that there have been 14 expressions of interest in the forthcoming auction of two wireless concessions. Possible bidders include Iusacell (of Mexico), America Movil, Orange, Millicom International Cellular, Digicel and US group Vitel, as well as Panamanian firms Vtel, Global Star, Clarocom, Cable Onda, Advanced Communication, Innovation Wireless, Torres Troncales and Pan American Wireless.

Asep is scheduled to publish the bidding rules on 21 October and will respond to consultations about the prequalification process during November and December. The regulator will accept prequalification applications from 28 January 2008 and expects to announce prequalified bidders on 27 February. The auction itself will start with reception of financial offers on 19 April, with the winners to be announced on May 21. The government expects to raise at least USD36 million for each new 20-year concession awarded, according to the Mexican press.