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Millicom acquires Telefónica Nicaragua, with an eye on an increasing digital market
By Guy José Bendaña-Guerrero & Asociados
Telefonía Celular de Nicaragua, S.A., part of Spanish telecommunications giant Telefónica, operates under the Movistar brand and will add approximately 4 million mobile customers to Tigo Nicaragua with a 4G network accessible to 51% of the population in the country.
“The transaction accelerates the execution of Millicom’s fixed-mobile convergence strategy, it helps consolidate the company’s leadership position in Central America, and it diversifies and balances the geographic footprint of the company in its mission to build digital highways that connect more users and develop communities throughout the region”, Millicom stated in a press release.
According to the company’s CEO, Mauricio Ramos, Millicom’s long-term strategy is focused on increasing penetration of high-speed mobile broadband to the growing young middle-class population.
“In Nicaragua and in most of the other countries where we operate, only one out of every three households has access to high-speed broadband, were as in developed countries this is eighty or ninety percent. In addition, countries like Nicaragua have a growing young middle class population with a great demand for digital technologies: broadband, mobile services, entertainment. Therefore Nicaragua represents a big investment opportunity”, he said to La Prensa.
In a five-year plan, Millicom expects to invest over one billion dollars in Nicaragua between operating expenses and investment expenses, network deployment and maintenance of the network. “It is an important investment bet, but we believe that this is a country in which the digital economy will reach high levels”, Ramos concluded.
Guy José Bendaña-Guerrero & Asociados
GUY JOSE BENDAÑA GUERRERO & ASOCIADOS has a long and prosperous tradition in the field of intellectual property (IP) in Nicaragua, with roots that go back to more than 100 years, resulting on long-term relationships with renowned clients and attorneys worldwide.
The firm has its origins in the law firm Henry Caldera & Henry Caldera-Pallais, founded in 1907 by Mr. Henry Caldera. That same year of 1907, through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law. In the late 1930’s, Mr. Caldera’s oldest son, Dr. Henry Caldera-Pallais, after studying law in Nicaragua, attended the University of Michigan, where he graduated as a Registered U.S. Patent Attorney. Dr. Caldera-Pallais in 1964 was a founding member of the Interamerican Association of Intellectual Property (ASIPI), the first regional intellectual property organization in the Americas. The firm continued to grow during the administration of Dr. Franklin Caldera, son of Dr. Caldera-Pallais, who obtained his doctoral degree in law from the Universidad Centroamericana in 1973.
Since 1985 the current partners, Dr. Guy José Bendaña Guerrero and Mrs. Blanca Aragón de Bendaña, took over the management of the firm. Dr. Bendaña Guerrero, Director of the firm, has distinguished himself as one of the most respected authorities in Central America in the field of intellectual property and law in general, being the author of several books such as “Course of Industrial Property Law”, “Study of the new Laws of Industrial Property” and “New Study of Contracts “, among others. Mrs. Aragón de Bendaña has served as the firm’s general manager and, thanks to her excellent management, the firm has been in constant growth, with a highly qualified staff committed to excellence. Since 1996, partner Julián José Bendaña Aragón joined the firm, and has been standing out as one of the most recognized attorneys in the field of intellectual property.
We have adapted to the constant change of the business world, supporting our clients in finding the most appropriate legal solutions for each moment. The firm distinguishes itself by understanding the needs of its clients, offering personalized service and adding value to its activities.
Nowadays we continue to be the leading firm in Nicaragua in the area of intellectual property, and at the same time, we have been consolidating other areas of service within the civil, commercial and labor fields, as well as litigation and consulting in general. The firm is well positioned to guarantee a pragmatic service that meets the requirements of the most demanding clients.
