Tricom announced it will invest US$110 million this year to bring new fixed telephone lines to 184,000 users. It expects to add 360,000 mobile connections, too. Arturo Pellerano, president of the company told El Siglo newspaper that the company installed 150,000 telephone lines and 300 mobile connections last year. He said Tricom sales last year were US$224 million, for a 37.1% increase over 1999, when sales were US$170 million. Tricom also announced its expansion to Central America where it will invest US$72 in mobile communications in Panama, El Salvador, Costa Rica and Guatemala.
