Zapp refinanced foreign credit

The new loan will ensure necessary funds for network development, that foresees a 50 percent increase in traffic capacity at 450 MHz, and the launching of the 2,100 MHz third generation phone license obtained in 2006, for which it paid its first annual installment worth $4.9 mln (€3.3 mln) of the five it owes through 2012.

According to Bataillard, Zapp’s main strategy elements are traffic data and a FixTel landline phone network. The company had 500,000 subscribers at the end of 2007, and estimates 600,000 subscribers by the end of 2008.