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ICTs and Media Companies
Due to investing in the telecommunication in Ecuador,
Movistar and Claro received the highest earnings out of
the top 5 transnational companies in the world.
The ECLAC(Economic Comission for Latin America
and Caribbean) report supports the position of the
President Rafael Correa, who since 2007 has ques-
tioned the system of registration of the FDI figures by
the Central Bank of Ecuador.
In 2008 there was $849 million invested in Ecuador:
Even if you do not have amobile phone is easy to call
INVESTMENT
After the analysis we have seen a real change in the
role of operators and the human resource manage-
ment. This is supported by investment from transna-
tional corporations.
Connectivity is not sufficient and digital training plans
are needed, as well as contents and local applications.
Therefore, every modernization is being encouraged
in the sector. Last year, Internet services for mobile
phones has improved, expanding transmission bands
and offering 3G´s services for smart mobile phones.
Within the best software vendors in Latin America
Ecuador was recognized as one of the best software
vendors in LatinAmerica. Ten years ago, it was the third
largest exporter in this field. Now, although it exports
more, it occupies a secondary position, according to the
Ecuadorian Association of Software (AESOFT).
This country gained its reputation in the eighties, due
to the banking software, which was the best in the re-
gion. And although there is no figure of how many pro-
grams are exported a year, it is known to be sold in the
Aerial view of Guayaquil
CONCLUSIONS
1. Technology
Currently, technological development of Ecuador is con-
sidered one of the main priorities of the State. Around
70% of the total population of Ecuador uses Internet.
The 25 biggest companies within the sector generated
revenues of approximately 3 096 mlllion USD.
Top 5 companies according to Ekos Magazine:
1. Banred S.A.
2. Bigbranch S.A.
3. Tatasolution Center S.A.
4. Binaria Sistemas C Ltda
5. Sonda del Ecuador Ecuasonda S.A.
2. Mobile Telephone Industry
The mobile phone market in Ecuador is one of the most
dynamic ones. During the last years, their sector pre-
sented a growth of 28%. According to the statistics,
88% of the users prefer pre-paid services.
Top companies according to Ekos Magazine:
1. Consorcio Ecuatoriano de Telecomunicaciones S.A.
CONECEL
2. Otecel S.A.
VOICE SERVICES…………………………445, 30
Fixed Telephony……………………………163, 30
Mobile telephone…………………………...180,00
Modernization and expansion………….…102,00
INTERNET SERVICES……………………172, 27
Broadband…………………………………....49, 87
International connectivity…………………102, 40
TV Services…………………………....….....20,00
MARKETING COSTS……………………….100,00
TOTAL INVESTMENT……………………617, 50