A number of US firms are interested in investing US$400m in Honduran state-owned incumbent Hondutel, according to local news source Radio America.
This follows last week’s request by the operator for a US$68.8m increase in its budget from…
A number of US firms are interested in investing US$400m in Honduran state-owned incumbent Hondutel, according to local news source Radio America.
This follows last week’s request by the operator for a US$68.8m increase in its budget from Congress.
Hondutel’s year-long quest for investment has yet to be successful, reportedly due to its legacy of corruption and mismanagement.
The unnamed American companies are interested in managing the firm’s mobile network, internet business, fibre and power units, which would help the Honduran company get back on its feet financially.
The report says that the investors would be repaid via revenue share agreements and service contracts.
However, given that Hondutel is a state-owned enterprise, any foreign involvement would require Presidential approval.
Hondutel was unavailable for comment at the time of going to press.
