Xinwei Telecom Nicaragua

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In November 2012, the Chinese company Xinwei Telecom won in a competitive bidding process the right to build and operate a full service telecom network with McWiLL technology in Nicaragua. Xinwei Telecom was the only bidder, and won the tender by offering a payment of US$ 20 million to the government. The 20-year concession contract was signed in July 2014. The total investment to set up the network was estimated at US$ 300 million. The construction works were delayed several time. By February 2015, US$ 100 million worth of equipment had already been invested in Nicaragua, and another US$ 200 million worth of equipment was expected to be delivered by the end of the year. The local subsidiary Xinwei Intelcom.Nic, S.A. was set to lead the project. The sponsor expected to start providing services by the end of 2015. The potential initial subscribers base was estimated at 240,000.