CWC Extends Mobile Licenses in Panama Until 2037
Published on: 31st Oct 2013
Note -- this news article is more than a year old.
Cable & Wireless Communications (CWC) says that its Panama business has secured long term access to several large blocks of radio spectrum which will enable the continued growth of mobile data services.
A new 20 year mobile licence agreement, approved by the Cabinet Council of Panama is to run until October 2037. Under the agreement, the Government will grant Cable & Wireless Panama an extension to the licence and access to the following radio spectrum for the sum of USD100 million.
The company has retained access to 25 MHz of the 850 MHz band and retained access to 10 MHz of the 1900 MHz band.
It was also granted an additional 10 MHz of the 1900 MHz band.
Also, the company will be granted 20 MHz of the country's currently unused 700 MHz band, which will be opened up in 2014.
Cable & Wireless Panama will be granted access to the additional block of 1900 MHz spectrum immediately and it will also gain access to the 700 MHz spectrum, a lower level frequency ideal for the transmission of mobile data over long distances, from August 2014.
The cost of the spectrum was calculated by Panama's National Authority of Public Services (ASEP) based upon the price paid by mobile operators for the last blocks of mobile spectrum sold in Panama in 2008.
Tony Rice, the Chief Executive Officer of CWC, commented: "We are proud to have served the Panama telecoms market since 1997, remaining the market leader over that period despite intense competition. In securing our long term future this agreement cements our position and ensures we can remain and grow as the best data provider in Panama."