Who owns puerto rico telephone

Analyst: Henry Lancaster. Puerto Rico has a small telecom market which in recent years has been deeply affected by a combination of economic mismanagement and natural disasters, including two hurricanes which landed in late and an earthquake which struck in January These disasters caused considerable destruction of telecom infrastructure, which in turn led to a marked decline in the number of subscribers for all services.

Compounding these difficulties have been a long-term economic downturn which encouraged many people not to resume telecom services after these were restored. After some delay, the FCC in late issued an order relating to the release of funds to help rebuild telecom infrastructure.

Although Puerto Rico is a US territory it lags well behind the mainland US states in terms of fixed-line and broadband penetration. This is partly due to high unemployment rates and consequently low disposable income and poor telecoms investment in a market largely dominated by the incumbent Puerto Rico Telephone Company.

The acquisition by Liberty Global of the remaining cable TV operator Choice Cable, completed in mid, created a monopoly player in this sector. The mobile market has been impacted by several mergers and acquisitions over the last few years. In early Sprint and Open Wireless agreed to merge their networks in a bid to offer better market competition by increasing their scale and combining spectrum holdings.

Operators have secured spectrum in the MHz and 3. The growing number of submarine cables landing in Puerto Rico is helping to drive down the cost of telecom services, creating a demand for streaming content from abroad. Log in Request a free trial. Request a free trial Log in. Type Corporate Pension. Professionals 1. AUM Commitments 7. Formerly Known As. Puerto Rico Telephone Company Trust.

Open To Secondaries. Open To First Time Founds. Institution Type. Corporate Pension. Primary Contact. The lack of commercial power remains a significant problem, he added.

Claro said it had power generators, diesel, batteries and vehicles ready 72 hours ahead of the storm. Verizon Communications Inc, the biggest U. Sprint said it had shipped some spare parts to Puerto Rico needed for network restoration ahead of earlier Hurricane Irma. Activating a roaming service will connect a phone to whatever network is available.