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Millicom enters the mobile telephony market in Costa Rica with the purchase of Telefónica

Millicom International Cellular S.A., operating in Costa Rica under the Tigo brand, has announced an agreement to acquire Telefonica’s mobile telecommunications assets in Panama, Costa Rica and Nicaragua for a total of US$1.65 billion dollars in cash. The transaction is subject to customary closing conditions,...

What will happen to Movistar customers if it leaves Costa Rica?

Last Thursday, Telefonica, operating in Central America under the Movistar brand, announced the sale of its operations in Guatemala and El Salvador to Mexico's America Movil (Claro) for US$648 million dollars. In addition, the Spanish company continues to look for a buyer for the rest...

Telefonica Looking To Sell Its Opertaions In Costa Rica And The Region

Spain's Telefonica, which operates in Costa Rica and Central America under the Movistar brand, is looking for a buyer. "Within the framework of its portfolio management policy based on a strategy of value creation and strategic positioning, it is in the process of negotiating the...

Telefonica (Movistar) close to selling Guatemala and El Salvador units

Telefonica, under its brand Movistar and the second largest in terms of users mobile operator in Costa Rica, is close to finalising the sale of its Guatemala and El Salvador units for a total of around EUR 530 million (US$600 million dollars). The Spanish business...

Fiscalia Raids Movistar For Alleged Tax Fraud

The Fiscalía Adjunta de Delitos Económicos y Tributarios (Deputy Prosecutor for Economic and Tax Crimes) Tuesday morning raided the offices of Movistar to collect information about an alleged tax fraud that exceeds ¢1.25 billion colones. The search and seizure, endorsed by a judge, began at...

Telefonica exploring sale of Mexico, Central America units – report

Telefonica, the operator of Movistar in Costa Rica and Central America, is exploring the total or partial sale of its Mexican and Central American units with a view to urgently reducing its debt pile and boosting its share price, according to unnamed sources cited...

Costa Rica Telecom Market up 4%; State Telecom ICE Loses Ground, Competition Gains

Costa Rica’s telecommunications sector posted revenues amounting to ¢394 billion colones (around US$693 million dollars) in the first half of 2017. La Nacion report cites the latest data from regulator Sutel. The market was dominated by state-owned operator ICE, whose Kolbi mobile brand accounted for 52%...

Court Annuls Fine Against ICE

Costa Rica's contentious-administrative court (Tribunal Contencioso Administrativo) has annulled a fine of ¢2.18 billion (2.157.826.200) colones (around US$4 million dollars) imposed by the Superintendency of Telecommunications (Sutel) against ICE. The telecom regulator fined the state-owned company, the Instituto Costarricense de Electricidad (ICE) for monopolistic and...

Sutel Was (Finally) Able To Award Blocks of Radio Spectrum Frequencies

Costa Rica's Superintendency of Telecommunications, the Superintendencia de Telecomunicaciones (Sutel) said it awarded the 70 MHz of spectrum to Mexico's America Movil (Claro) and Spain's Telefonica (Movistar). Both Claro and Movistar currently compete against the state telecom, ICE (Kolbi) for the mobile telephony and internet...

Costa Rica Mobile Subscribers Up 10.5% To 8.3 Million in 2016

  Q COSTA RICA - Mobile telephony subscribers in Costa Rica rose 10.5% to 8.33 million in 2016, an increase of 795,000 new mobile lines, of which almost 8 in 10 corresponded to the prepaid services, according to a report from the telecommunications regulator, the...

Competition in Telecommunications Is Being Put to Public Consult

(QCOSTARICA) If the Superintendencia de Telecomunicaciones (Sutel) - Superintendency of Telecommunications -  proposal is approved, starting in December postpaid mobile phone services and fixed Internet would be without tariff regulation, as announced by the state regulator on Friday. The change would open up competition in...

Telefonica In Costa Rica Launches Movistar Play

QCOSTARICA - Telefonica in Costa Rica has launched its video streaming service,  Movistar Play for prepay, postpaid and control (hybrid plan of a fixed monthly amount and user tops with more minutes in excess of agreed amount) customers. The Video on Demand (VOD) service will...

Court Suspends ICE ¢2 Billion Colones Fine

(QCOSTARICA) The Administrative Court (Tribunal Contencioso Administrativo) on Thursday suspended the ¢2.157 billion colones fine imposed on the Instituto Costarricense de Electricidad (ICE) by the Superintendencia de Telecomunicaciones (Sutel), for "monopolistic and anti-competitive practices" between 2011 and 2012. ICE Fined ¢2.157 Billion For Being...

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