Three potential investors for Alegro (Ecuador)

January 27, 2009 at 17:00 Leave a comment

Three telecoms operators have expressed interest in becoming the strategic partner of Ecuadorian state-owned mobile operator Telecsa (Alegro PCS), according to BNamericas quoting local newspaper El Telegrafo. The three potential investors are Venezuelan state-owned cellco Movilnet, Uruguay’s government-run telco Antel and Indonesian operator Telkom. According to the reports, selection of the partner will be concluded in 60-90 days, and is expected to inject capital to boost the mobile operator’s business in Ecuador, where it is positioned third in the subscriber market behind Mexican-backed Conecel (Porta) and Spanish-owned Movistar. Ecuador’s President Rafael Correa threatened earlier this month that if Alegro did not turn a profit within twelve months, it would be sold. According to previous press reports, the firm has reported USD200 million in losses since its creation.

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Entry filed under: Alegro PCS, Antel, BNamericas, Ecuador, Mobile Network Operator, Movilnet, Movistar, Porta, Telkom. Tags: , , , , , , , , .

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