Country Report Panama March 1998 Main report

Infrastructure: Cable & Wireless invests in the telephone system

Cable & Wireless of the UK, which bought 49% of the government telecommunications company, INTEL, in May last year, plans to invest $160m in 1998 to improve and expand the system. Additional lines and more public telephones will be installed and digitalisation will continue. Last year the company invested $170m. Cable & Wireless has also paid the government $72.6m for the Band A cellular licence. BellSouth has the licence for Band B.

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