The Honduran government have approved a deal for US VoIP Laticom International to invest over US$50m in the state-owned telco Hondutel.
Hondutel announced on Friday that a majority of the Congress had voted for the deal. The contract also had the support…
The Honduran government have approved a deal for US VoIP Laticom International to invest over US$50m in the state-owned telco Hondutel.
Hondutel announced on Friday that a majority of the Congress had voted for the deal. The contract also had the support of the Honduran president, Manuel Zelaya, and the country’s Commission for Telecommunications Legislation.
Under the terms of the deal, Laticom will invest US$50.5m in Hondutel over the next ten years.
The money will be used to develop Multiprotocol Label Switching (MPLS) technology, which can be used to increase capacity. It will also be spent on broadband ADSL internet connections to homes and businesses.
Hondutel’s general manager, Romeo Vasquez Velasquez, said that the deal showed that the national and international community had regained confidence in Honduras.
The original contract between Hondutel and Laticom was signed on 11 January. The following day the documentation was sent to the national anti-corruption authority in what Hondutel described as an act of transparency.
