Government approved concession to Claro and Movistar for 4G network

The Ecuadorian government and private telephone companies, Claro and Movistar , materialized the granting of spectrum for 4G and expansion for 3G, as reported on Monday, February 2 the Telecommunications Minister Augusto Espín at a press conference.

With this decision, the Ecuadorian State will receive $ 330 million: 180 correspond to Claro, for 60 megahertz (MHz) and 150 to Movistar for 50 MHz. The spectrum assigned is in the 1900 and 1700 bands and the lease time is until 2023. “The value is $ 3 million per every MHz per year.”

Espín indicated that Claro has higher amount of allocated spectrum due to the larger number of users that concentrates in the country.