The telecoms company merged with Columbus International announced its entry into the Costa Rican market, where it will focus on the segment of corporate services.
After having merged with Columbus International in late 2014, the company with a major operation in Panama, announced that it will be operating in Costa Rica, mainly providing corporate services such as internet links and national and international data (MPLS), managed networks, and services based on cloud security, among other things.
Dividends for the first trimesters of fiscal year 2012 totaled $16.6 million to be divided up with 49% going to the State, 49% to Cable & Wireless Holdings Limited CALA, and 2% to the company’s workers.
These dividends are for the quarter April to June 2012, and are 60% of the net income for the period, according to the dividend policy.
The Panamanian government will also receive about $745,000 in taxes on dividends from Cable & Wireless CALA Holdings Limited and workers.
The company is aiming to become the majority shareholder of the phone corporation by buying 5% of the shares being sold by the Panamanian government.
The partners of Cable & Wireless (C & W) are on the lookout for a possible sale of the government's shares in the company (49%), in order to acquire 5% more and thus become controlling shareholders with 54% of the company.
C & W and the Government of the Commonwealth of the Bahamas worked together to complete the statutory audit, contract terms and obtain the necessary permits and other regulatory approvals in order to complete the transaction by the first quarter of 2011.
The Comptroller General of Costa Rica, considering appeals filed by several companies, ordered changes.
Claims submitted by companies Cable & Wireless Costa Rica, ClaroCosta Rica and Centennial Towers indicated the absence of key information, such as related to price caps (to end users), the cost of interconnection to ICE and fees to be paid to Sutel.
The upcoming publication of the conditions for the opening up of telecommunications leads operators to request clearer rules.
Telecommunication companies have asked Costa Rica's Telecommunications Regulator (SUTEL) to provide greater clarity in several areas including procedures for installing Radio Bases, interfacing with networks belonging to the state-owned electricity and telecommunications provider (ICE), and microwave communication.