Panamanian officials met with executives from the Swedish technology company Ericsson this week to discuss investment opportunities. The talks focused on enhancing the nation’s connectivity and digital infrastructure. This meeting underscores Panama’s strategic push to become a central technology hub for Latin America and the Caribbean.
The discussions were led by Panama’s Minister of Commerce and Industries, Julio Moltó, and Sean Cryan, President of Ericsson for North Latin America and the Caribbean. They explored specific cooperation projects within the country’s growing digital economy. The government aims to attract foreign investment specifically in the technology sector to fuel national growth.
Commitment to Regional Digital Growth
During the meeting, Sean Cryan reaffirmed Ericsson’s long-term commitment to Panama and the wider region. The company’s leadership presented its vision for supporting the country’s technological ambitions. Other key Ericsson personnel in attendance included Sobaan Kazi, Vice President and Chief Technology Officer for the region, and Luisa Ramos, the Country Manager for Ericsson Panama.
“We are exploring how we can deepen our collaboration with Panama to support its vision for a comprehensive digital transformation,” said Sean Cryan. [Translated from Spanish]
Minister Moltó emphasized the government’s strategy to create an optimal environment for foreign tech investment. He highlighted the critical role of collaborative public-private partnership models. These alliances are considered essential for building the advanced digital infrastructure Panama requires.
Strategic Position for Technology Expansion
The dialogue also covered Panama’s business climate and its unique advantages as a regional platform. The country’s geographic position, stable economy, and modern logistics make it an attractive base for technology firms serving Latin America. Ericsson, a global leader in telecommunications networks and services, already maintains a central office in Panama City to serve local clients and partners.
With operations in over 180 countries, Ericsson provides the backbone for mobile and internet services worldwide. Its increased engagement with Panamanian authorities signals serious interest in the country’s development plans. This partnership could accelerate the deployment of next-generation 5G networks and other critical connectivity solutions.
For Panama, securing investment from a tier-one technology provider like Ericsson represents a significant validation of its hub strategy. It is a step toward transforming the nation from a logistics and finance crossroads into a center for digital innovation. The government views advanced connectivity as a fundamental utility for modern economic competitiveness.
Further technical and regulatory meetings between Ericsson’s specialists and Panamanian agencies are expected to follow this high-level dialogue. Concrete project proposals are likely to emerge in the coming months. This collaboration could set a benchmark for technological investment across the region.