Colombia

 

  • With 47 million consumers, the third largest GDP in South America – $322 billion (2011 est.) – and a robust free market economy, Colombia is a strong economic force in the region.

  • According to the World Bank’s Doing Business Report, Colombia is the third most “Business Friendly” country in Latin America and the top reformer in the region. The country also ranks fifth in the world and first in Latin America in terms of investor protection.

  • American Movil, Telefonica and Millicom all have robust wireless businesses in Colombia, and Avantel and DirectTV are regional operators.

  • Stricter zoning and permitting regulations, along with a relatively competitive wireless carrier market, have made Colombia an attractive tower market.

  • Centennial Towers has made good progress in Colombia, with an asset base of more than 225 recently built sites and capacity available for collocation.