Costa Rican legislators give green light to free market in telecoms

The first reading of a bill to open up Costa Rica's telecommunications market was approved by legislators at the second time of asking.

Friday, May 2, 2008

Twenty-nine members of the single-chamber Legislative Assembly voted for the proposal, while 13 opposed it.
The bill's first reading had already been approved in February, but the Supreme Court's Constitutional Chamber over turned the finding six weeks later. Five of the seven Constitutional judges ruled that the legislators had made procedural errors in the original debate.
The new Telecommunications Law is the most controversial item on Costa Rica's agenda to comply with Cafta. Debate on the proposal has gone on for 16 months.

More on this topic

Costa Rica: Corporate Tax Endorsed

September 2011

The Constitutional Court has endorsed a tax on corporations, which had been sent for review by opposition legislators.

Now the bill must go to a second debate, in order to be formally approved.

The annual tax of $300 applies to active corporations, inactive companies must pay half the amount. In turn, micro and small businesses are exempt from tax.

Costa Rica finally opens its doors to telecoms investment

July 2008

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

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.

Costa Rican Congress passes bill to open telecoms

May 2008

A bill that opens telecommunications to competition passed its second and last reading in the Costa Rican Congress. The controversial bill forms part of the requisites for complying with the free trade agreement with the United States.

The bill passed by a 35-14 majority, with eight legislators absent.

Costarican congress votes for telecoms market liberalisation

April 2008

Congress yesterday approved in a first hearing the General Telecommunications Law, which opens the way to competition as part of the implementation of the free-trade agreement with the United States, Agencia EFE reports.

The bill was approved, by 39 votes to 13, with 52 of 57 congress members present.

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