Ecuador to get $880 million from contract renovation with America Movil and Millicom

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Ecuador will get $880 million by renewing a contract with America Movil and Millicom through 2038, Telecommunications Minister Roberto Kury said on Wednesday. The payment for the use of the country's radio spectrum will be done in two parts. A first payment of approximately $610 million will be made before the end of the year, and the rest will be based on sales during the concession period, Kury explained at a press conference.

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