IFC on the Nicaraguan telecom industry
An active tower market which could expand further thanks to Xinwei
TowerXchange: Guillermo, what is IFC’s view on Nicaragua?
Guillermo Mulville, TMT Sector Lead Latin America, IFC:
Nicaragua is the largest country in Central America, although with only six million inhabitants it is not densely populated. A GNI per capita of around US$1,800 makes it a lower-middle income country.
Although the telecoms sector accounts for a comparatively high percentage of the country’s GDP, by regional standards it is quite small, with combined revenues of less than US$1bn. Despite its size, the sector is showing healthy growth and, as expected, mobile data is driving a significant part of it.