Company head Denis O’Brien has invested $450 million (€360 million) in Honduras since Digicel’s launch in late 2008, and is going head-to-head with Mexican billionaire Carlos Slim’s mobile operation for market share.
Digicel Honduras is open for business, according to its head office in Jamaica.
“To be clear, Digicel is not reducing its retail footprint in Honduras,” Digicel said in reply to a recent inquiry, “As a matter of fact, we are increasing it.”
Tags: Honduran Business & Economics
Luxembourg-based mobile operator Millicom (STO:MICSDB) said Thursday it had agreed to take over the entire share capital of Celtel, its subsidiary in Honduras.
Under the agreement, Millicom’s local partner gave the company an unconditional call option for his 33% Celtel stake for the next five years, while Millicom has granted its partner a five-year put option for the eventuality of change of control of Millicom.
Following the deal, Celtel will be fully integrated into Millicom’s financial reports from the third quarter of 2010.
Tags: Honduran Business & Economics
Facebook has launched a new mobile site designed to be a speedier and cheaper option to its main mobile site.
The new site, at http://0.facebook.com, has no photos or graphics, only text, so it loads faster, and the more than 50 mobile carriers partnering with Facebook will not charge users any data fees when visiting the site.
This way, the site removes two key hurdles to mobile Web usage — slowness and high costs — in many parts of the world, said Henri Moissinac, Facebook’s head of mobile business.
