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Honduras Cancels Telephone Company Privatization Due to Lack of Bidders

LADB Article ID: 53654
Category/Department: Honduras
Date: 2000-11-16
By: LADB Staff

The Honduran government failed in its efforts to privatize the telecommunications company Empresa Hondurena de Telecomunicaciones (HONDUTEL) in October and will have to start the bidding process all over next year. The only bidder, Telefonos de Mexico (TELMEX), offered US$106 million, far below the government's target of US$300 million. The sale had been postponed four times this year.

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