www.WirelessFederation.com/news: Economic Commission for Latin America and the Caribbean (ECLAC) has reported that direct foreign investments (FDI) in Ecuador reached USD 974 million. The licence renewal negotiations between regulator Senatel and domestic mobile phone operators have decided to invest a minimum amount of USD 700 million in the telecoms sector over the next 15 years. Of which, Movistar will pay EUR 220 million, while Porta’s contribution has been set at USD 480 million. The study indicates that the investment made by the America Movil’s subsidiary Porta and Telefonica’s mobile unit Movistar to renew their concessions managed to offset the drop in FDI flows in natural resource sectors and other public utility markets.