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Yota, the mobile services developer and provider and a major player in Mobile WiMAX (News - Alert), or 4G, technology, has deployed Mobile WiMAX in Managua, the capital of Nicaragua. 

The company officials claimed that Yota network was rolled out in record time - in three months since the beginning of construction.

Ricardo Olarte, northern cone general manager of Intel (News - Alert), said that the broadband penetration in Latin America is very low, and is the reason why the initiative taken by Nicaragua will allow a significant leap in the adoption of new technologies placing the country at the forefront and generating a positive effect in people and businesses to improve the competitiveness of it.

Mo Shakouri, vice president and board member of WiMAX Forum (News - Alert) said that the implementation of this project, which is basically a rapid transition from dial-up and scarce fixed-line communications to 4G technology, will pave the way in a very short time for achieving meaningful social effects in Nicaragua.

The company officials said that Yota will start to operate in Nicaragua with its wireless broadband Internet access service. Later the company plans to increase the number of services and will concentrate on the high-quality voice services demanded in the market.

Doctor Song, of Samsung (News - Alert) Electronics said that the record time of deployment of the network in Nicaragua shows that Yota has accumulated the strong expertise and has created the proven network infrastructure based on Samsung equipment. 

Song said that all these issues allow Yota to deployment networks in any country in the world extremely fast. 

“We see great potential in our project in Nicaragua. The demand for communications services in this country is enormous,” Yegor Ivanov, vice president of business development at Yota, said. “According to recent studies, the country cries out for telephony and for at least 300,000 new Internet connections.”

Aside from Nicaragua, Yota includes Latin America, the CIS, as well as a series of countries in Asia and Africa, a total of 75 nations, into its global expansion plan, Ivanov said, adding that Yota manages more than $500 million of investment funds allocated for the international expansion in 2009. The company plans to raise the volume of investments to $1.5 billion by the end of 2010.