Bidding rules finalised for new mobile licences in Panama

17 Mar 2008

News site BNamericas is reporting that Panama’s public services regulator, Autoridad Nacional de los Servicios Publicos (ASEP), has finalised details of bidding rules and concession terms for the forthcoming auction of two new mobile licences. The documents are awaiting formal government approval, and once given, an auction is expected to be held within 30 days. According to the preliminary schedule, economic bids are due to be received by 3 April 2008 and are expected to start at USD58 million. Three companies are prequalified to join the process; Irish owned cellco Digicel, Luxembourg-based Millicom International Cellular (MIC) and Mexico’s America Movil.