Home Briefs Tigo Costa Rica cleared to buy local cable providers

Tigo Costa Rica cleared to buy local cable providers

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Costa Rican telecommunications regulator Sutel has cleared Tigo’s acquisition of local cable communications providers Cable Television Doble R (Cable Max) and Cable Zarcero, reports business daily El Financiero.

The watchdog ruled that the takeover wouldn’t adversely affect customers even though anti-trust regulator Coprocom expressed competition concerns affecting at least one of the country’s cantons, said the report.

The Millicom-owned operator launched its Tigo One TV platform combining linear pay-TV and over-the-top (OTT) services in April, having last year revealed that it was seeking to acquire assets to grow its local footprint and compete with rivals Claro (America Movil) and Cabletica (Liberty Latin America).