Honduran newspaper La Prensa reports that plans to resurrect the country’s ailing national PTO Hondutel through the sale of 49% of the company are foundering due to apathy from the government and its own management board. With the deadline having expired for the launch of a plan for the telco’s international public tender, no concrete plans have yet been put forward on how to sell the stake on offer. Despite the lack of progress, one official at the company, Romeo Vasquez Velasquez, says he is confident that the groundwork will be done to realise the sale of 49% of the company, and notes that the PTO has approved plans for the formal establishment of a new subsidiary that will be responsible for offering cellular services in the country
Originally posted here:
OVETEL Hondutel bailout plan falters, paper says
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