Yota wins fixed line licence

1 Oct 2009

Nicaraguan telecoms regulator Telcor has awarded the local subsidiary of Russian WiMAX specialist Yota a licence to provide fixed line telephone and broadband services in the country, breaking the monopoly of Enitel in the fixed line telephony sector. The Yota de Nicaragua consortium, which combines Russian, Venezuelan and Nicaraguan capital beat three rival firms in the tender process and has pledged to invest USD50 million in its fixed line operations over the next three years. According to a report by Russian news agency Infox.ru, the executive president of Telcor, Orlando Castillo, said that the special committee has selected the Russian company for its experience and connections ‘with a the huge number of enterprises in the world.’ Yota is also expected to reduce costs for end-users by at least 10%. The firm hopes its investment will triple the number of fixed line customers in the country, which currently stands at 320,000.