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China's Xinwei puts $700 million into Nicaragua telecoms

Monday, January 14, 2013

Nicaragua has given approval to China's Xinwei to operate cellular phone and internet services.

Xinwei will start operations this year, iwith an initial investment of $700 million, while estimates say the total investment could reach $2 billion over the next three years.

The project includes the launching of the satellite Nicasat-1, which should be ready by 2015.

Full story (in Spanish)