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Claro fears Chinese competitor in Nicaragua

Monday, September 17, 2012

The Nicaraguan government’s recent decision to open a new bidding process for a third cellphone service provider has telecom giant Claro preparing to defend its terrain against a potential Chinese competitor.

“We are not concerned about competition because we compete in all the countries in which we operate, but there is concern that the market here is too small for a third operator,” says Roberto Sansón, director of Claro, a unit of Mexico's América Móvil, which controls some 70 percent of Nicaragua’s cellphone market.

“We think that the development of the market between us and our competitor (Telefónica-Movistar) clearly demonstrates that there is no need for a third player.”

Source: Nicaragua Dispatch