Costa Rica to give broadband a cash boost

Plans to extend and improve broadband Internet coverage are set to be boosted by the state-owned Banco Nacional.

Thursday, May 8, 2008

Government authorities say they intend to set up a US$500,000 trust fund to improve the nation's telecommunications, above all broadband coverage.
The trust would be managed by Banco Nacional and funded by bonds issued on the nation's stock market – a model that has been used frequently in the past to raise money for projects in the public interest.

More on this topic

Awards: Telecoms Projects for $10 million

May 2015

In Costa Rica contracts have been awarded to the Instituto Costarricense de Electricidad and Claro to provide telephony and broadband Internet services in six cantons in the south of the country.

The Costa Rican Electricity Institute (ICE) will be responsible for developing projects in Buenos Aires, Osa, Corredores, Coto Brus and Golfito. Meanwhile Claro de Costa Rica is in charge of projects in the area of ​​Perez Zeledon.

Bureaucracy Slows Broadband Penetration in Costa Rica

May 2013

The multitude of paperwork and the Fondo Nacional de Telecomunicaciones are the obstacles preventing major progress in implementing fast internet services in Costa Rica.

"There is a significant increase (according to preliminary reports) in the number of broadband internet connections.

Costa Rica Announces National Broadband Plan

June 2011

President Chinchilla introduced the "Digital Social Agreement", which promises broadband "solidarity", connectivity and digital technologies for education and the strengthening of the Digital Government.

The plan will be financed with funds from FONATEL, which has recently been enlarged by payments made for frequency rights by new cell phone companies entering the market.

Costa Rica: $360 Million for Broadband Internet

June 2010

“Radiográfica Costarricense” (Racsa) will invest in a new high speed Internet access network.

The new infrastructure will allow the company, a subsidiary from state-owned “Grupo ICE”, to offer Internet connections with speeds up to 1 GB.
“Oscar Chacón, Racsa’s commercial manager, acknowledged that, in order to become a reality, they must wait for financial authorities to approve a $360 million trust from Banco Nacional, to finance the project”, reported Nacion.com.

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