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US company announces purchase of Telefónica (Movistar) in Costa Rica

(QCOSTARICA) Liberty Latin America announced the signing of a definitive agreement for the purchase of the operations of the Spanish company Telefónica (operating under the Movistar brand) in Costa Rica. The information was released by the company in a statement this Thursday, July 30. The cash...

Cabletica user? This may interest you

For the better part of Wednesday, thousands of users of Cabletica internet experienced problems with the service: no Internet connection. According to the company, during the early hours of Wednesday, they experienced “interruptions in some Internet services due to a failure (…) a problem with...

Sweden’s Kinnevik to divest itself of Millicom

Milllicom has announced that Swedish investment company Kinnevik intends to divest its shareholding in the Latin America-focused telecommunications group, operating under the TIGO brand, through a public offering and a distribution to Kinnevik's shareholders. The investment company is currently Millicom’s largest shareholder and will offer...

Sutel Approves Purchase of Cabletica

At the end of June it was confirmed that the Superintendence of Telecommunications (Sutel) approved the purchase of Cabletica by Liberty Latin America. Simultaneously, the regulator gave the green light to Telecable's purchase of a fiber optic network in Guanacaste from SAL Telecommunications Technicians. Liberty Latin...

CableTica Will Compensate Users For “An Event In The Systems”

If you are an internet and/or IP telephony client of CableTica you probably lived through the "disconnection" countrywide on Wednesday afternoon. The service dropped in the early afternoon and was not restored until well after 9:30 p.m. Though the cable operator was short on details of...

Liberty Latin America to Acquire Controlling Interest in Cabletica

Liberty Latin America, the newly split-off unit of Liberty Global focused on Latin America and the Caribbean, has announced an agreement to acquire 80% of Costa Rican cable operator Cabletica. Cabletica is valued at an enterprise value of around US$250 million dollars, a multiple of...

Crackle Coming To Cabletica

Sony Pictures Television Networks announced it has reached an agreement with Costa Rica's Cabletica to launch its Crackle subscription video-on-demand (SVOD) service throughout the country. Under the terms of the deal, the local pay-TV operator subscribers will be able to access Crackle content via connected...

Costa Rica To Provide 140,000 Poor Families With Computers And Internet

Costa Rica is planning to provide computers and a fixed internet connection for 140,000 household, as part of the "Hogares Conectados" (Connected Homes) program of the National Telecommunications Fund (Fonatel), managed by the Superintendencia de Telecomunicaciones (Sutel) - Superintendency of Telecommunications. The program consists of...

Costa Rica’s Telecom Market Maturing

(QCOSTARICA) The country's telecommunications market has begun a process of maturing after five years of ending the monopoly by the state telecom, the Instituto Costarricense de Electricidad (ICE). According to 2014 data by the telecom regulating authority, the SUTEL, mobile telephony experienced a slight decrease...

Ultra Fast Internet Coming To Costa Rica

QCOSTARICA - Can you imagine internet up to 100 MBps in Costa Rica? Sounds far-fetched? Think again. At least in San José. The state telecom, the Instituto Costarricense de Electricidad (ICE) and China's Huawei Technologies have teamed up to put into operation RANGE before the...

Costa Rica Lags Behind in Residential Internet

QCOSTARICA - While in other countries there are a greater variety of packages and lower prices than those offered in Costa Rica, lack of modernization of networks and costs are preventing operators from improving their services. At present, only 56% of the population has internet...

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