Monday, March 4, 2024

Logo Central America Link

Hondutel needs $500 million to avoid bankruptcy

Tuesday, January 21, 2014

Honduras's state telecoms firm, Hondutel, urgently needs at least $500 million to save it from bankruptcy, representative Renán Inestroza said.

The Honduran Congress has approved the creation of a fund to raise capital and administer the company's finances through a financial institution.

The fund also authorizes the company to become a public limited company.

Source (in Spanish): La Prensa