Nicaraguan telecommunications industry is in the process of privatization.
In the 1990-1996 period, the Government of Nicaragua invested more than
US$100 million in the modernization and expansion of its network utilizing
SIEMENS, SAMSUNG, ALCATEL and AT&T technology.
- A digital fiber optic network connects the central office switches with
the INTERSAT and INTERSPUTNIK satellites.
- ENITEL ( Nicaraguan Telecommunications Company ) is connected with the
principal carriers, including AT&T, Sprint and MCI.
- Cellular telephone service is available in the Pacific region.
- Data communications services, store and forward fax, and Internet
connections are available.
- The potential for development of this sector is extraordinary. In 1997,
an increase of 130,000 lines is planned, which is the equivalent of an average of 4.2
lines per 100 inhabitants.
- 40% of ENITEL will be privatized by means of a public bid among the
qualified international companies.
|FACTS OF INTEREST
|In 1990, the state-owned companies provided 30% of the GDP.
The National Corporation of the Public Sector ( CORNAP ), a holding company for
all state-owned property, has privatized 321 of the 350 state-controlled enterprises.
According to CORNAP officials, the government plans to privatize most of the remaining
state-owned companies by the end of 1997, including state holdings in mining.
A new area of interest for investors is Insurance, which in 1996 was
open for private investors.
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