Multinationals in rush for Costa Rica's new, open cellphone market
Costa Rica's cellphone market was officially opened to competition, and multinationals are lining up to go into battle with the Costa Rican Electricity Institute (ICE) which has held a monopoly so far.
Wednesday, June 4, 2008
The multinationals see potential for growth in the high traffic, unsatisfied demand and absence of a pre-paid system. Besides, Costa Rica is the missing link in Central American cellphone coverage; the multinationals are present in every other country.
The telecommunications monopoly that the government's Costa Rican Electricity Institute (ICE) exercised for five decades has finally been overthrown.
The upcoming publication of the conditions for the opening up of telecommunications leads operators to request clearer rules.
At the end of 2013 mobile phone services in Costa Rica will have reached at least $1,1 billion, according to calculations by market analyst, Signal Consulting.
In 2015 Central America will sell $2 billion in paid television and broadband services, both wireless and cable.
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