VIVA and its new vision: optimization, cutting-edge innovation, digital education, universal access to communication and development of smart cities

In order to further develop and modernize the telecommunications market in Bolivia, Balesia Technologies, Inc. signed an agreement to the acquisition of companies based in the United States that own 71.5% of the shares of NUEVATEL PCS de Bolivia-VIVA, a transaction that is still subject to the approval of the ATT. Balesia Technologies, Inc. is a United States company whose executives have managed telecommunications operations in more than 60 countries and have more than 75 years of combined experience in this field, including wireless operations and infrastructure. In Latin America, Balesia is one of the largest owners of telecommunications towers and has a presence in 14 countries. Through this new investor, VIVA aims to be one of the leading companies in data services and offer modern technological solutions.

George Alvarez , CEO of Balesia Technologies, stated: " Bolivia is a country with a solid and stable economy and years of uninterrupted growth, so it presents the perfect opportunity to develop a new business model based on technological innovation and digital experience. He also added: "VIVA is a brand that represents innovation in telecommunications. Its essence is to create experiences that simplify the lives of Bolivians, therefore, in addition to being a traditional telecommunications company, it will quickly include cutting-edge data and technological solutions. modern, something totally disruptive and different that will be replicated in other countries of the region, with plans to keep Boliviaas the base country of the operation".

Tomás Pérez, Executive Director of VIVA, commented: "We are very impressed with the technology that Balesia has presented to VIVA, its infrastructure development capacity and the new digital experiences that it will put at the service of Bolivians. We are confident that this investment will offer to all our current and future clients an experience that has never been seen before and that will help the technological growth of all of Bolivia .

To continue with the commitment to be the digital ally of Bolivians, Balesia Technologies will initially invest a substantial amount for the construction of more than 600 new wireless points throughout the country and will optimize VIVA's nearly 1,500 existing points. In order to optimize the existing network, Balesia will implement its proprietary multi-border technology to strengthen coverage and the ability to expand VIVA's offerings in mobile, home internet and internet TV services. VIVA's new business model will start as soon as the Telecommunications and Transportation Authority (ATT) issues its approval for the acquisition of Balesia.

SOURCE Balesia Technologies media announcement