Costa Rica finally opens its doors to telecoms investment

The telecommunications monopoly that the government's Costa Rican Electricity Institute (ICE) exercised for five decades has finally been overthrown.

Tuesday, July 1, 2008

The necessary changes to the telecommunications law were put into effect by publication in the official daily, La Gaceta.
Leading companies in wireless telephony and Internet are poised to enter the new market. They include Carlos Slim's América Móvil, Spain's Telefónica, and Ireland-based Digicel.

More on this topic

Costa Rican Telecoms Market Shakes Up

July 2010

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.

Costa Rica: Mobile Concessions to be Auctioned in February

January 2010

The bidding rules for getting a mobile telephony frequencies will be published on February 5th.

George Miley, president of the council of the Telecommunications Superintendent (Sutel), reported that the frequencies will be awarded on May 5th.

"Sutel will ask bidders to prove they are important companies.

Costa Rica, Digicel's Upcoming Challenge

December 2009

Costa Rica is next on the list for Digicel, telecommunications provider in Central America.

This was announced by Luis La Rocca, vice president of the board at Digicel Panama, who added that they have a 20% market share in Panama, after only one year of operations.

Nacion.com reports: "Dicigel, founded in Ireland, made a $350 million investment in Panama, which included installing over 700 GSM/EDGE towers and 200 product and customer service stores in the country".

Multinationals in rush for Costa Rica's new, open cellphone market

June 2008

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.

The multinationals see potential for growth in the high traffic, unsatisfied demand and absence of a pre-paid system.

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Cordero & Cordero Abogados

A General Practice law firm which specializes in Business and Commercial Law as well as Foreign Investment in Costa Rica. Our firm originally established in 1940, currently operates offices in San José and Guanacaste
Operates in Costa Rica
Phone: (506) 2258 2525

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