Government Approves Renewal Of Operating Licences

News: The Ministry of Information Technology and Communication (MinTIC) has announced that the Colombian government has decided to renew the operating licences of Telefónica's subsidiary Movistar and América Móvil's unit, Claro Colombia. Both the firms will renew their rights to 25MHz in the 850MHz range and 15MHz each in the 1,900MHz band and will pay COP1.89trn (US$958.2mn) and COP810bn (US$409.5mn) as the fee for their operating licences.

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Related sectors of this article: Telecoms
Geography: Colombia

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