Panama govt unveils terms for PCS mobile tender

The Panamanian government has issued the specifications for the tender to allow two new mobile phone firms to offer PCS services in Panama, reports La Prensa.

There are so far six interested companies - Luxembourg-based Millicom, Jamaica-based Digicel, Mexico-based America Movil and Iusacell, and France's Orange.

Panama-based fixed-line service firm Cable Onda also wants to take part. The winning bidders will need to invest at least USD 55 million, and will need to set up their own infrastrcture. The 20-year licences will be extendable.