Just who is investing into Honduras and why? The answers are simple.. Honduras provides a secure investment platform for technology.... services and IT top the list.
The number one investor into Honduras markets continues to be the United States... partially due to expansion of US company empires and also because of trade agreements between the two countries. US has it... Honduras wants it. What is surprising is the #2 Top Investment Country... Ireland! Why? Irish based DIGIGEL, tops the mobile phone business investment into Honduras as they expand their Caribbean presence further into Latin America. Launching their Honduras based company in late 2007, DIGICEL invested a whopping $215 million in 2008 in infrastructure including 3G architecture services.
Rounding out the list as follows for 2008:
United States: $398 million
Ireland: $215 million
England with $82.4 million
Mexico: $45.3 million
Guatemala: $44.6 million
Canada: $37.4 million
Panama: $14.1 million
For the sixth consecutive year, the mobile phone business proves to be the largest investment sector in the country. Tigo, Claro and Digicel are companies that have devoted more resources to expand or launch their 3G services.
The previous year, the inflow of foreign capital into this sector added 489.4 billion dollars, higher than the 282.7 million the previous year. In percentage terms, telecommunications captured 55.8% of total investment into Honduras.
By 2009, it is estimated that the cellular telephone 250 to invest 300 million dollars in its
expansion program and the introduction of new value added services. Great news for us cell phone geeks!
