Digicel Panama sets aside USD100 million for investment in 2011

28 Jun 2011

Digicel Panama has revealed that, having already spent around USD400 million on its operations, it plans to invest around USD100 million in 2011 with a view to expanding its network and introducing HSPA+ technology. The announcement regarding capital expenditure came alongside the introduction of the cellco’s new CEO, Mario Mendez Miller, and Digicel confirmed that HSPA+ deployment was already underway, although no firm date was given for its commercial introduction. The new chief executive meanwhile laid out his aims for the company, noting: ‘Panama is a very dynamic market with a fantastic team. I’m excited about this new opportunity and willing to help reinforce the key commitments of better quality, better coverage and better service, and thus lead Digicel Panama to the next level … Our goal is to take second place among the country’s telecommunications companies in the short term because Digicel Panama is here to stay.’

As noted in TeleGeography’s GlobalComms Database, Digicel Panama launched commercial services in December 2008, after its parent company, Irish-owned wireless group Digicel, won a 20-year concession to offer wireless services over 30MHz of spectrum in the 1900MHz frequency band in May 2008, having bid USD86 million for the licence. As at March 2011 the cellco had signed up an estimated 750,000 subscribers, giving it a market share of around 13.5%.

Panama, Digicel Panama