Region: telecom services
Central America’s telecom sector continues to show fast growth. In Guatemala, the number of new cellphone connections increased by 15% last year, compared to 2010. Guatemalans spent $2.4 billion in telecom services in 2011, of which 69 percent was in mobile phone operations. The leading operator in the country is Tigo, a subsidiary of Luxemburg-based Millicom, which competes with Claro, a disivion of Mexico's América Móvil, and Movistar, part of Spain's Telefónica.
Costa Rica is experiencing strong growth in mobile services, following the opening of the country’s telecom sector last year. Claro and Movistar are now competing aggressively with state-owned ICE (Instituto Costarricense de Electricidad), which for over 50 years had a monopoly in telecom services.
Other countries in the region are likewise seeing expanded demand for advanced telecom operations.
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