Hondutel

Towards the end of the 20th century, the Honduran government is pressed by the IMF to privatize Hondutel in order to benefit from debt-restructuring solutions and international financial aids.

[2] The push towards privatisation was also made by Jaime Rosenthal in 1992, who saw three benefits in this process : bring foreign currency in the country (mainly US dollars), to ensure transparency and accountability, and to boost innovation.

], it offers mobile phone coverage in the cities of Tegucigalpa, San Pedro Sula, La Ceiba, Olancho, Progress and Copan and surrounding areas.

Hondutel's dire financial situation has forced the government to intervene in order to provide funds to cover employees salaries.

[11] On the other hand, Hondutel started to depreciate its nationwide landline coverage and completely shut down service in some rural areas of the country.

[14] In 2015, Hondutel closed its fiscal year with a HNL 80 million profit, largely benefitting from the internet and mobile boom,[10] along with heavy job cuts.

FBI Criminal Division's Fraud Section revealed that Latin Node Inc., an American company, had illegal dealings with Hondutel executives[17] The affair was later reported in the Honduran media.

[19] An unknown individual posted various recordings of high government officials on YouTube, possibly implicating them in a corruption scandal concerning Hondutel.

The investigation included searching the home of Marcelo Chimirri and both his office at Hondutel and those of other members of staff,[21] the former was an action condemned by Zelaya.