Digicel Plans to Operate in Costa Rica

The cellular phone system operator is waiting for the bid for the licenses to enter the Costa Rican market in 2010.

Tuesday, June 16, 2009

The multinational already operates in El Salvador, Honduras, and Panama. It plans to make a strong investment in Costa Rica "to develop a first-class network," commented the CEO of Digicel Group, Denis O'Brien, in the context of the Forbes CEO conference in Gleneagles, Scotland, according to an article in Elsalvador.com

In addition, the executive noted "'finding money to invest should not be a problem for Digicel. We are well-capitalized, and I am confident that we can raise cash if it is necessary, particularly in a place like Costa Rica', he affirmed."

More on this topic

Digicel to Fund Central American Operation with $215 million

March 2009

Digicel Group will acquire 35.8% of Digicel Holdings Central America Limited (DHCAL) for $215 million.

DHCAL is the owner of Digicel mobile phone operations in Honduras and Panama, where it began operating in November and December 2008 respectively.

The money will come from a placement of $335 million in Digicel Group corporate bonds.

Costa Rica attracts Millicom and Digicel

September 2008

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.

The forecast is based on the potential created by the opening of the sector after the creation of the Telecommunications Superintendence (SUTEL), which will paved the way for the entrance of new competitors in the local market.

Panama sells Carlos Slim, Digicel mobile licenses

May 2008

Panama awarded Irish-backed Digicel Panama and Claro Panama, a unit of billionaire Carlos Slim's America Movil, concessions to run new mobile phone networks on Wednesday.

Digicel, owned by Irish billionaire Denis O'Brien, bid $86 million for one license, beating a $73 million offer from Claro Panama.

Digicel sets December date for Honduras launch

April 2008

Ireland-based Digicel will launch operations of its GSM wireless service in Honduras this December, Digicel's owner, Dennis O'Brien announced.

O'Brien was speaking after a meeting with Honduran President Manuel Zelaya.
President Zelaya's press office confirmed that next week Digicel will next week meet its commitment to pay the US$80.1 million that was its winning bid in the auction of the nation's fourth cellular operating license.

 close (x)

Receive more news about IT & Telecomm

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Jan 16)
Dow Jones
-0.04%
S&P 500
1.10%
Nasdaq
1.20%

Commodities

(Feb 19)
Brent Crude Oil
64.820
Coffee "C"
120.45
Gold
1,348
Silver
16.655