LatinNews Daily - 18 June 2025

*Nicaragua’s unicameral legislature, which like all institutions in the country is controlled by President Daniel Ortega’s Frente Sandinista de Liberación Nacional (FSLN), has approved a decree authorising an agreement signed by the finance ministry and Zhengzhou Coal Mining Machinery Group Co Ltd, a China-based company primarily engaged in the business of coal mining machinery and automobile parts. The agreement is for a loan worth ¥612.08m (US$85.18m) for the supply of products and services related to digital connectivity. According to Nicaragua’s state mouthpiece el19digital, the funding is for equipment to provide access to 4G and 5G technology and includes the supply of 466 antennae, 466 telecoms cabinets, equipment for two core networks (conduits to transfer network traffic at high speeds) for voice and data services, management systems, licences, security equipment, 36 servers, routers, switches, and 466 sets of power and backup equipment. The agreement also contemplates the incorporation of a third mobile network provider in the country. Currently, the two main mobile network operators in Nicaragua are Claro, part of Mexico-based telecommunications giant América Móvil, and Tigo, which is owned by Luxembourg-based telecoms and media group Millicom. This is the latest sign of strengthening ties between the two countries which established bilateral relations in December 2021 after the Nicaraguan government severed ties with Taiwan.

End of preview - This article contains approximately 217 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial