Viva (Bolivia)

Empresa de Telecomunicaciones Nuevatel PCS de Bolivia S.A.

Company type	Sociedad Anónima
Industry	Telecommunications
Founded	November 11, 1999 (1999-11-11)
Founder	COMTECO
Headquarters	Santa Cruz de la Sierra [ citation needed ] , Bolivia
Number of locations	More than 1000 points
Area served	Bolivia
Key people	Ryan Alvarez (CEO)[ citation needed ]
Services	Mobile telephony Internet Digital wallet
Owner	Balesia Technologies (71.5%) COMTECO (28.5%)
Website	www.viva.com.bo

Empresa de TelecomunicacionesNuevatel PCS de Bolivia S.A., doing business as VIVA, is a Bolivian wireless network operator and telecommunications company. ^[1] It was founded in 1999. It is currently among the largest companies in the country. Viva is the third-largest wireless carrier in Bolivia, with a market share of 12.9%. ^{[2] [3] [4]}

History

Nuevatel PCS was founded in 1999 as a joint venture between Western Wireless Corporation with 72% and COMTECO (a telecommunications cooperative from Cochabamba) with 28%, and began operations a year later.

On January 9, 2005, Western Wireless entered into a merger agreement with Little Rock-based telecommunications provider Alltel, in which Alltel agreed to pay $6 billion in shares and cash to Western Wireless shareholders. Western Wireless shareholders voted on July 29, 2005, to accept a $4.4 billion offer in shares and cash from Alltel. The merger was completed on August 1, 2005. Western Wireless founders, John W. Stanton and Theresa Gillespie, founded Trilogy International Partners and retained Nuevatel as part of their assets.

On March 28, 2022, Trilogy, which inherited Nuevatel from co-founder Western Wireless, sold its 71.5% stake to Balesia Technologies. ^{[5] [6] [7]} COMTECO owns the remaining 28.5% since the company's inception. ^[8]

References

1. "operador móvil local que opera bajo la marca Viva". www.bnamericas.com (in Spanish). Retrieved December 7, 2020.
2. "TELEFÓNICA VIVA AMPLÍA SU RED EN BOLIVIA". www.paginasiete.bo (in Spanish). Retrieved December 7, 2020.
3. AGETIC, ed. (2018). Estado TIC (PDF) (in Spanish). Editorial del Estado Plurinacional de Bolivia. Archived from the original (PDF) on August 8, 2018. Retrieved November 11, 2021.
4. "BNamericas – Las razones tras la salida de Trilogy Intern..." BNamericas.com (in Spanish). Retrieved June 30, 2022.
5. "News Release". feeds.issuerdirect.com. Retrieved June 17, 2022.
6. "BNamericas – Las razones tras la salida de Trilogy Intern..." BNamericas.com (in Spanish). Retrieved June 17, 2022.
7. "Balesia Technology adquiere paquete accionario de Viva a Trilogy Internacional". El Diario (in Spanish). March 31, 2022. Retrieved June 17, 2022.
8. "Portafolio Empresas y Productos". COMTECO (in Spanish). Retrieved June 17, 2022.

External links

• Official website