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 Thursday, December 04, 2008

Digicel, the largest telecommunications operator in the Caribbean and recent entrant to the Central American market, today launched operations in Panama — its third Central American market and 31st market world-wide — with an investment of US$350 million. Digicel now offers seamless mobile telecommunication services across Central America, with operations to date in El Salvador, Honduras and Panama.

According to the Panama Ministry of Economy and Finance, the Panamanian economy is expected to grow 7.5 percent by 2009. With a population of 3.4 million, mobile penetration is currently at approximately 71 percent. Having built the most modern nationwide GSM network in the country, Digicel is well positioned to maximize growth by offering service for the first time to many communities in Panama not previously served by incumbent operators.

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Source: Wireless Federation.