RACSA building in downtown San José.
RACSA building in downtown San José.

QCOSTARICA BUSINESS NEWS – After seven years in the red, the Radiografica Costarrisence (RACSA) says it will stop offering residential internet services.

The state telecom, a division of the Instituto Costarricense de Electricidad (ICE) says starting next year it will focus on creating customize solutions and leave behind residential services.

The announcement came as a press release from RACSA general manager, Francisco Calvo, explaining the telecom’s strategic plan for 2015-2018.

Calvo explains the objective is to achieve stability by 2016 and generate returns by 2018. “The strategy announced raises achieving stabilization targets for 2015-2016, growth for 2017 and  by 2018 financial optimization,” the statement said.

Although RACSA is part of ICE, it was created by law and can only be dissolved by the Legislative Assembly. This means that ICE is stuck with ailing arm that was once the only residential service provider in the country.

According to ICE, it will continue to support RACSA to strengthen its business to add values to sectors such as transportation, banking, finance, healthcare and insurance.

“Under this concept the company must become a technology partner with innovative solutions (…),” said the statement.

RACSA has 530 employees.

Source: Elfinancierocr.com