Thursday 24 June 2021

SUTEL Nixes Tigo – Telecable Merger

TigoTeleCable-full

QCOSTARICA – The Telecommunications Superintendency – Superintendencia de Telecomunicaciones (SUTEL) – fearing marking concentration nixed the plan for Tigo and Telecable to continue with its process of integration into a single company.

Last December, the two companies presented a formal application to merge.

- Advertisement -

tHE Manager of Corporate Affairs of Tigo, Normal Chaves, explained that the company received notification from the SUTEL on April 23, rejecting their proposal.

Chaves added that Tigo has presented an appeal to the SUTEL, to reverse its decision and allow the merger process to continue.

Tigo Costa Rica and its parent company, Millicom, are surprised by the ruling. As part of the appeals process available to the company, Tigo Costa Rica is looking for the opportunity to present arguments in support of the request made,” the company said through a news release.

We firmly believe that this integration would benefit consumers, industry and contribute to bridging the digital divide in Costa Rica,” said Chaves,

- Advertisement -

Both companies said they will continue to offer its services as usual. Telecable will continue to operate independently, as usual, after the resolution issued by SUTEL,” he said through a press release.

Nearly half of households in Costa Rica have a cable TV service. In total, 641.000 homes in the country subscribe to cable service, of which Tigo holds 39% of the market and Telecable 12%, as of 2013, the latest data available.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Weather, friendly locals, cost of living: expats in Mexico, Costa Rica enjoy same things

EXPAT FOCUS (MND) Of course it was no surprise that readers...

Cynthia Ann Telles named new U.S. Ambassador to Costa Rica

QCOSTARICA - Today, U.S. President Joe Biden announced his nomination of...

MOST READ

Tourism sector depends on political will for recovery

QCOSTARICA - The future of tourism operators in Costa Rica depends on the political will to approve a package of bills that favors the...

Treasury threatens to close doors to Sinpe Móvil to avoid tax evasion

QCOSTARICA - What had been a good tool as a payment mechanism for sellers and businesses, the Ministry of Finance (Treasury) has in its...

Today’s Covid News: Average daily deaths from Covid-19 begins to decline

QCOSTARICA - The week of June 13 to 19 registered a decrease in the average number of deaths due to Covid-19, when 20 daily...

OIJ investigation into road works corruption leads to inquiries in Panama

QCOSTARICA - The prestige of the company of some of the richest men in Costa Rica hangs by a thread. For many, the MECO...

Tico tried to enter via San Jose airport with ¢93 million in cash

QCOSTARICA - A Costa Rican tried to enter the country through the Juan Santamaría International - San Jose Airport - with US$153,244 (the equivalent...

How to Continue Learning German If You Live in Berlin

Berlin is the place to be: the best parks, cinemas, concerts, and cultural life attract many students every year. COVID-19 has changed the situation...

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

Today’s Vehicle Restriction June 23: plates ending in 5 & 6 CANNOT circulate

Today, Wednesday, June 23, plates ending in 5 & 6 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Vaccination commission endorses J & J vaccine, says no to Sinovac

QCOSTARICA - The Comisión Nacional de Vacunación y Epidemiología (CNVE)  - National Vaccination and Epidemiology Commission - endorsed the use of Johnson and Johnson...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.