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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...

Telefonica to sue Millicom over aborted Costa Rica purchase

Telefonica is set to take legal action against Millicom in U.S. courts over the aborted sale of its subsidiary in Costa Rica, citing a submission to market securities regulator. Millicom reached an agreement to acquire 100% of Telefonica’s mobile telecommunications assets in Costa Rica, Movistar,...

Purchase of Movistar (Telefonica) in Costa Rica Approved

The Superintendencia de Telecomunicaciones (Sutel) - Superintendence of Telecommunications - authorized the purchase of Telefonica in Costa Rica (operating under the Movistar brand) by Millicom. The sale of Telefonica'a shares in Costa Rica to Millicom was announced in February 2019. For the authorization, the Sutel argued...

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...

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,...

Liberty Latin America abandons bid for Millicom

Liberty Latin America has abandoned its approach for Millicom International Cellular after it reportedly failed to secure enough support from its rival’s management. Liberty said in a statement that it “has terminated conversations with Millicom . . . regarding a potential transaction. The Company remains focused on its growth...

The Implications in Costa Rica Of A Liberty Latin America and Millicom Merger

Costa Rica's cable television, IP telephony, and cellular phone market could be concentrated in the hands of a few with the recent news of a possible merger between Liberty Latin America, that recently purchased a major stake in Cabletica and Millicom, which operates in...

Tigo Costa Rica cleared to buy local cable providers

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...

Millicom launches Tigo One OTT service in Costa Rica

Tigo Costa Rica (Millicom) has announced the launch of its Tigo One TV platform combining linear pay-TV and over-the-top (OTT) services. The new offering will be available for the operator’s convergent subscribers with HD packages and 100Mbps fixed broadband and will include content from...

Tigo Prepares To Enter Costa Rica Mobile Market

Q COSTA RICA / Costa Rica may soon have a fourth Mobile Services Provider, as Tigo (Millicom) is preparing to enter the Costa Rican mobile market by bidding for the 70 MHz spectrum in the country’s forthcoming tender, reports El Financiero. Tigo, which already provides...

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