Competition for Buying Cable Company in Costa Rica

Along with two other private sector competitors, the state run Costa Rican Institute of Electricity intends to buy Cable Vision.

Friday, January 27, 2012

The state-owned Instituto Costarricense de Electricidad (ICE) aims to break into the business of cable television and is bidding for the company Cablevision.

This was reported by the ICE Group and Cablevision, separately. In addition, two other companies have also submitted offers to buy the cable company, which mainly provides services in areas having low and middle economic strata, reported Nacion.com.

Leyda Lombana , manager of Cablevision, declined to specify the price of the offers. "Yes, the decision will be made before the end of February, said (Lombana)", states the article on the website.



More on this topic

Costa Rica: State Telecom Acquires Cable Vision

December 2013

The Instituto Costarricense de Electricidad has consolidated its leading position in the market without having to return frequencies as initially conditioned by the Telecommunications Superintendency.

Nacion.com reports: "... the company specializing in cable television and broadband internet (via cable modem) services became part of Grupo ICE as a subsidiary company." The state run telecommunications company has not yet reported the amount of the commercial transaction.

$30 million Loan Between State Telecoms Companies

November 2012

A new loan from the Instituto Costarricense de Electricidad will allow its subsidiary Racsa to stay afloat despite its finances continuing to deteriorate.

This is how things are reflected in its assets, which decreased between 28% and 29% over a period of one year, from October 2011 to October 2012.

Costa Rican State Telecom Will Not Concede Frequencies

November 2012

The Superintendency of Telecommunications has revised its decision to make the return frequencies conditional for cable companies merging with the Instituto Costarricense de Electricidad.

The purchase of the cable company Cable Vision by the Instituto Costarricense de Electricidad (ICE) had been conditional by the Superintendency of Telecommunications (SUTEL) on the waiver of airwaves segments: from 1880 MHz to 1920 MHz (40 MHz), 2520 MHz to 2620 MHz and 2640 MHz to 2690 MHz (150 MHz) and the segment of 3600 MHz to 3440 MHz (160 MHz).

Costa Rica: Telecoms Merger Made Conditional

October 2012

The purchase of the cable company Cable Vision by the state run ICE is subject to the waiver of several airwave segments.

A statement by the Telecommunications (SUTEL) reads:
SUTEL gives conditional authorization for ICE to purchase cable company

The Board of the Telecommunications (SUTEL), through Resolution 291-2012 RCS-October 3, has given approval for the Instituto Costarricense de Electricidad (ICE) to purchase 100% of the shares of Cable Vision, subject to certain conditions to ensure healthy competition in the market.

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