Costa Rica’s telecommunications regulator Sutel has approved the takeover by cable TV and broadband operator Telecable of regional operator Cable Costa for an undisclosed sum, reports El Financiero.
Following a probe, Sutel agreed to green light the transaction after clarifying that the companies would still have less than 25 percent of the market when combined.
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Cable Costa operates in the Turrialba and Jimenez cantons of Cartago province and the deal is expected to close on 01 March, said the report.
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