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Three companies mull investment in Hondutel

Tuesday, August 21, 2012

LR Group of Israel, Rhino of the United States and Fideco/Datang Mobile of China and Guatemala are interested in acquiring the mobile assets of Hondutel, the Honduran state telecommunications company.

Hondutel's chief executive, Romeo Vásquez, said the company requires a minimum capital injection of some $500 million.

Hondutel is losing $2 million a month, amid major losses in its fixed services.

Source (in Spanish): El Heraldo