Honduras News Archives: communications

Mobile Phones Rule in Honduras

Mobile penetration in Latin America and the Caribbean (LAC) is over 94% and well above the world average of 76%. However, the vast majority of mobile subscribers in the LAC region are prepaid.

In South and Central America, 11 countries have passed the 100% penetration milestone: Panama, Uruguay, Suriname, Argentina, Chile, El Salvador, Ecuador, Honduras, Guyana, Venezuela, and Brazil. In the Caribbean, most of the small island nations are above the 100% mark and some are over 200%. The highest rate has been registered in Turks & Caicos, which has a baffling penetration of 453%. In these countries, however, subscription numbers are sometimes pumped up by tourists or migrant workers who are not counted as part of the population.

The success of mobile telephony in Latin America is due in large part to the inadequacy of the basic telephone infrastructure. Also, natural factors have contributed to wireless popularity in a continent where mountainous terrain and remote rural areas make the laying of cable uneconomical, and where hurricanes and earthquakes have caused major destruction to fixed-line networks.

Mobile penetration in Latin America surpassed fixed-line penetration in 2001. By end-2005, cellular subscribers had overtaken their fixed-line counterparts in every Latin American country except Cuba. Paraguay leads the trend, with about fifteen mobile phones for every fixed line in service.

Honduras Operators See Great Opportunities

A new research report has revealed that despite the increasing competition in the mobile market, Honduras operators will observe opportunities in growing data usage along with the expected migration from basic handsets to text-friendly devices and smartphones.

As per researchers, despite recent political problems in Honduras, the telecom market has continued expanding, fueled by advances in mobile penetration and broadband Internet. In 2010, the telecom market generated $1.36 billion and will expand at a CAGR of 5.1 percent over the next five years.

Mobile data will more than double its share of total revenue, expanding from $182 million in 2010 to $444 million in 2015; it is also expected that fixed and mobile broadband will be the main contributors.

Most of the data revenue in Honduras comes from messaging. The lack of a strong 3G base for market leader Tigo and the relatively low sophistication of the market have made other services a small piece of the overall market. Mobile broadband has started to gain traction in Honduras, and by the end of 2011, Pyramid anticipates around 218,000 subscriptions.

From Wireless Federation

Hondutel Grants $200,000 Credit Line

PRESS RELEASE: AppTech Corp (Pink Sheets: APCX) is pleased to announce that its wholly owned subsidiary, Oronoco Telecom, LLC has obtained a credit line of $200,000 from Honduran based Xceed Call Center. Xceed is a licensed and authorized reseller of Hondutel, Honduras’ largest telecommunication carrier. Oronoco will make use of the line of credit to purchase communication services from Hondutel and offer the products/services to its customer base in the USA and Europe. Honduras is a top vendor for interconnected telephone traffic to Central and South America.

Daniel Miroli, President of Oronoco commented: “We are delighted with this opportunity as it will enable Oronoco to have more flexibility with contractual payment terms with its customers.” Eric Ottens, CEO of AppTech, added: “This is one more step in the new direction that we are taking Oronoco for the purpose of establishing a solid revenue base.”

About AppTech Corp

AppTech Corp is developing mobile application market places serving emerging markets in Latin America, Brazil and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone and Google’s Android. In addition, through its wholly owned subsidiary, Oronoco Telecom, AppTech is working on securing agreements with top communication companies in Central America, South America and The Caribbean.

Forward-Looking Statements

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