With a $1.460 million investment, Millicom International Celular completed the acquisition of 80% of the capital of Cable Onda, one of the country's telephone, Internet and cable TV operators.
Cable Onda announced in a press release that following an extensive conversation process, Cable Onda S.A. and Millicom International Cellular S.A. have established a strategic alliance in which Millicom assumes an important ownership of Cable Onda as well as the business management. The agreement includes Telecarrier and Fronteras Securtity.
With a $250 million investment, Liberty Latin America completed the acquisition of 80% of the capital of Cabletica, one of the country's leading cable operators.
Liberty Latin America operates in Chile, Panama and the Caribbean, and with the purchase of Televisora de Costa Rica S.A. will access the Costa Rican market through this cable operator that has more than 327 thousand subscribers.
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).
Along with two other private sector competitors, the state run Costa Rican Institute of Electricity intends to buy Cable Vision.
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.