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5G in Uruguay Improves Conditions for Doing Business

5G in Uruguay Improves Conditions for Doing Business

Uruguay is not only a country with a favourable investment climate, a promising macroeconomic performance and a strategic location for international trade. It is also one of 34 countries worldwide to deploy 5G network in its cities. Learn about the introduction of 5G in Uruguay and the advantages of doing business in the country. The introduction of 5G in Uruguay Uruguay is the third country in the world to start regular 5G operations. ANTEL has recently completed the installation of the first commercially available 5G network in Latin America. This makes Uruguay one of the first countries in the world to introduce the new 5G mobile communications standard.The telecommunications company built the infrastructure as part of a public-private partnership. According to the company, the new network enables the supply of up to one million devices per square kilometre with a transmission speed of one gigabyte per second. Likewise, as claimed by José Otero, President of the non-profit organization "5G Americas", Uruguay is the third country in the world to start regular 5G operations. What is 5G? 5G is the fifth generation of mobile radio and the direct successor to 4G, which is also known as Long Term Evolution (LTE). The main features of the new network are higher data rates and shorter latency times. The aim of 5G is to increase the transmission speed in the network and to reduce the latency times to enable real-time communication between devices. In comparison to the previous LTE standard, 5G allows: Up to a 10-fold increase in the data rate from previously a maximum of 1...

Trends for Foreign Direct Investment in Central America

Trends for Foreign Direct Investment in Central America

In recent years, Central America has become an attractive destination for people and companies that want to do business. The region is targeted by foreign investors due to the continuous development that countries are pushing for in various economic sectors such as renewable energy, technology, infrastructure, tourism, agriculture, manufacturing and others. Foreign direct investment (FDI) in Central America is on the rise. The region’s governments are establishing clear regulatory frameworks that better position their economic policies to foreign entrepreneurs and investors. Their collection of free trade agreements – and willingness to pursue new partnerships with trading nations – also allow greater flexibility for import and export activity. We take a look at FDI trends in Central American nations, and the advantages they have to offer companies expanding into Latin America. Trends for investment in Central America The 7 countries making up the Central American region are Panama, Costa Rica, El Salvador, Guatemala, Belize, Honduras, and Nicaragua. As small nations, Central American governments understand that foreign investment plays a key role in their development. Therefore, each nation offers certain advantages to attract investors to its shores and become more competitive against other regional stars such as Brazil, Mexico, Colombia and Chile. There’s been an upwards trend for foreign investment in Central America over the last 2 decades, thanks to various economic policy reforms that have made conditions for foreign investors more favorable. Between 2010 and 2017,...

5G Technology Set to Boost Brazil’s Investment Potential

5G Technology Set to Boost Brazil’s Investment Potential

After few years of economic slowdown, Brazil is finally showing signs that a bright future is coming. To achieve solid and consistent economic growth, Brazil needs to make great strides in developing and supporting emerging industries. Currently, Brazil has clear company incorporation options and regulations to enable foreign businesses to become a part of this development. Technology in the telecommunication sector will play one of the leading roles in this process with the introduction of 5G. We outline Brazil's plans to introduce 5G to the country, and where the potential lies to invest in upcoming projects in this space. 5G spectrum auction in Brazil 5G is the newest generation of mobile technology in the world. The USA and several other countries have started to implement 5G technology. By 2026, 5G is expected to establish more than 1 billion connections in the world. 5G networks shall bring to users broader and more efficient coverage, more simultaneous connections, as well as, better data transfers. In addition, It is expected that 5G networks will be able to deliver speeds 50 to 100 times faster than the current 4G technology. According to the European 5G Observatory, “whereas 4G was conceived purely as a mobile broadband technology, 5G will have to be flexible enough to allow new services or business models to emerge”. Latin America as a region is under pressure to undertake the transition to 5G networks. In order to implement this technology nationwide, each country defines a spectrum in the available frequency band. After that, providers that intend to explore...

Why is the Service Sector Booming in Costa Rica?

Why is the Service Sector Booming in Costa Rica?

Costa Rica has transformed into a multifunctional business destination. Investment opportunities are present in service sectors such as outsourcing, technology, software development, among many others. Today, Costa Rica offers a strong business environment for companies that act in the service sector and stands at the top as an exporter of high value-added services in Latin America. Whether it is in outsourcing or software development, Costa Rica is recognized as a Tech Hub of untapped opportunities for 2019. Learn why Costa Rica's service economy is an ideal place to incorporate a local company, and where to find help to get started. Service Sector in Costa Rica - A Growing Opportunity  It is well-known people consider Costa Rica as the perfect retirement destination. However, little is known about more recent statistics concerning the attractiveness of Costa Rica’s service sector.   CINDE, the country’s investment promotions agency, shows that Costa Rica is home to 157 companies that offer services such as call centers, BPO, digital technology, and design services. As a result, service exports as a percentage of total country’s exports has exceeded 45% since 2015. This makes the Costa Rican service sector the most attractive in the Latin American region.   One of the drivers behind increased service exports is is the implementation of Robotics Process Automation (RPA) a form of business process automation technology. With this new technology, robots and human capital work together to potentially reduce costs and errors, whereas productivity and quality are...

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