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Xinwei Telecom Nicaragua

Sector: Commercial • Location: Nicaragua

Source: World Bank Group

Project
Active

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 net

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The project “Xinwei Telecom Nicaragua” is an infrastructure initiative in the Commercial sector, located in Nicaragua. Taiyo aggregates data on it from World Bank Group.

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Description

Description

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.

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High

Data quality score

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Source

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URL

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