Venezuela’s President Nicolas Maduro has officially announced the award of three 4G LTE-suitable mobile licences to state-owned cellco Movilnet (part of CANTV), and its private sector rival, Movistar Venezuela (part of the Spanish Telefonica group), alongside pay-TV operator DirecTV (which bid in the Venezuelan tender via its subsidiary Galaxy Entertainment). The three companies will enter a 4G market currently occupied solely by Venezuelan-owned cellco Digitel, following the President’s authorisation of their 15-year concessions in the AWS (2100MHz/1700MHz) and 2600MHz bands. According to the announcement on regulator Conatel’s website, the auction raised VEF4.6 billion (USD729 million). The first services under the new licences are expected to be launched by June 2015, while coverage must exceed 70% of the population by 2019.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors