Can Everything Be Done on a Smartphone?
If you look anywhere in Central America, from walking down the street to sitting in a cafe, you are sure to find most people busily swiping through electronic pages or typing electronic messages on their smartphones. There is no doubt that the average person spends much more time on their phones than on their laptops or desktop computers.
From a national standpoint, fast, reliable and affordable smartphone internet access is as critical now to the growth of an emerging or developing country as is rebuilding roads, tunnels, and bridges. Telecommunications companies are responsible for a country's smooth flow of international, business and personal information. Governments are well aware of this fact and are doing everything possible to support the development of telecommunications throughout Central America. Private sector competition is encouraged amongst internet service providers as customers freely switch from carrier to carrier in search of faster speeds and lower prices. Panama reported in 2016 that over 750,00 mobile telecommunications customers switched carriers at least once last year searching for better quality and service.
There's Nothing a Smart Phone Can Not Do
As smartphones develop speed and graphics capabilities there is virtually nothing that a person cannot do on their smartphone.
Run Your Business from any Country
Owners of established business are traveling the world and continuing to run their businesses through daily video teleconferences using applications like Skype. Employees can collaborate on word documents of spreadsheets which are kept in a central "cloud" location".
Sending and Receiving Email
Communicating with clients, friends and family members 24-7 is possible no matter where you are, in a taxi, coffee shop or even walking down the street. Multiple email contacts can be grouped together and a single message can be sent to hundreds of recipients with the push of a button.
Answer any question
If you know how to ask Google a question, the answer to virtually anything is in the palm of your hand. You can find hundreds of video tutorials on the internet and college and professional lectures on any subject.
Book a Flight, Hotel and Rent a Car
Smartphone apps like Kayak and others give smartphone users the ability to book a flight on an airline as well as a hotel room and even arrange for a rental car to be waiting for them when they get there.
Get a Taxi or Order Food Delivery
There are smartphone apps for instantly hiring a driver to take you around the town as well as order food pickup and delivery when you just want to stay home.
These are just a few of the hundreds of ways smartphones and affordable, reliable telecommunications are changing the way we do business and interact with each other. Where the industry goes from here is anyone's guess, but one thing for sure, there will be investment opportunities in the telecommunications industry in Central America for years to come.
The Central America region is moving forward with the impact that the innovation in technology has in the daily business operations of many companies based in the zone and thus in its economy. CENTRAL LAW team of lawyers in the area of Telecoms advise clients in the current regulation across Central America, Panama and Dominican Republic.