Jesus Mejia is now CEO of state-owned operator Hondutel after being sworn in by Honduras’ finance minister at the end of last week.
His second in command will be Melvin Maldonado, according to a company statement.
Mejia will manage the heavily…
Jesus Mejia is now CEO of state-owned operator Hondutel after being sworn in by Honduras’ finance minister at the end of last week.
His second in command will be Melvin Maldonado, according to a company statement.
Mejia will manage the heavily indebted incumbent and aid in its search for a strategic partner. He was previously a manager within the telco, while Maldonado worked in the finance ministry.
The Honduran government is looking to sell off a 51% stake in the operator to a private company. At the start of the month, local press reports suggested Israeli and French companies were willing to invest as much as US$50m into Hondutel.
The operator is reported to owe its employees US$96m, its suppliers another US$40m, and has contingent liabilities of up to US$125m.
Previous attempts to privatise Hondutel have been blocked by the company’s trade union. The company has been looking to cut its workforce and clean up its business after years of alleged corruption and financial mismanagement.
