ColombiaFinance and Banking
On April 1st, 1997, the National Government made public the Telecommunications Plan for the next 10 years. Such plan was prepared by a private consulting firm and experts from the Ministry of Communications. The Government expects to make this sector one of its priorities in the national development.
One of the main goals of the Plan is to reassign the functions of the different authorities in the telecommunications field and to project the growth of the area. It is estimated that the highest growth rates will be achieved in TV, Internet access, beeper and trunking subscriptions, with annual rates of 27.2%, 22.2%, 19.7% and 20.7%, respectively. Regarding the mobile cellular telephony, it is expected that the number of subscribers is tripled in 1999. A US$10 billion investment for the financing of all the different activities within the sector is foreseen.
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