The company reported that it sold all the shares of Telefónica Guatemala and 99.3% of Telefónica El Salvador to América Móvil for $648 million.
The Spanish company stated that the closing of the sale of Telefónica Guatemala took place on January 24, however, the sale of Telefónica El Salvador is subject to the relevant regulatory conditions.
Since rules came into effect on number portability, Costa Rica's state telephone company has lost 559 thousand lines, which have swelled the client lists of the two foreign competitors that operate in the mobile telephony market.
The possibility of keeping the same cell phone number and changing operator has existed since November 2013, and since then, Instituto Costarricense de Electricidad (ICE) has lost almost 560 thousand lines, which passed into the hands of Telefónica, which operates the brand Movistar, and Claro, a brand of the Mexican company América Móvil.
Details from a report given to the Securities and Exchange Commission on the company's activities in the six Central American countries during the first quarter of 2014.
Operating revenues in Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama) during the first three months of 2014 increased by 12.1% compared to the first three months of 2013. Adjusted operating revenue by 7.6%. This increase was mainly driven by the increase in wireless data, broadband and pay-TV services, offset by decreases in VOIP services.
With an investment of $1.1 billion it will connect to Brazil, Colombia, the United States, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
The company announced that it has completed the installation of a submarine fiber optic cable which guarantee services. This project will connect Brazil, Colombia, the USA, Guatemala, Mexico, Puerto Rico and the Dominican Republic.
Costa Rica is the regional leader in 4G data consumption through mobile devices and 4G networks.
America Movil (Claro) and Telefonica (Movistar) agree that Costa Rica is the country with the highest data traffic in Central America, this is because it is the only country that does not charge for downloading data, but rather by the speed offered by providers.
In agreement with America Movil, AT&T will operate in 15 countries including all of Central America.
Expectations are that AT&T will today announce that it will "... extend its reach in Latin America for business customers through a cooperation with the firm America Movil, belonging to the Mexican billionaire Carlos Slim".
A system of 17,500 km of submarine cable, designed for 100 gigabits per second, will connect the U.S. to South America through Central America.
Alcatel Lucent and America Movil plan to put into operation, in late 2013, the system known as AMX-1, connecting seven countries with eleven landing points: Miami and Jacksonville (USA), Barranquilla and Cartagena (Colombia), Fortaleza Salvador and Rio de Janeiro (Brazil), Puerto Plata (Dominican Republic), Cancun (Mexico), San Juan (Puerto Rico) and Puerto Barrios (Guatemala).
The phone company America Movil has launched operations in Costa Rica, with the opening of 40 outlets.
Claro has begun selling its products and services in Costa Rica, with an extensive network of branches in various parts of the greater metropolitan area.
Claro has filed an appeal with the Costa Rican Superintendency of Telecomunitions denouncing the agreement.
The complaint filed by Claro asks the regulator to eliminate several articles of the agreement, which has already been signed, on the grounds that they contain monopolistic practices "in violation of the competitive regime."
Only 28% of the country's municipalities have clear rules for granting permission to install radio base stations.
In a note presented to congress on March 31, the Chamber of Info-communication and Technology reported that, "to date, only 23 of the 81 municipalities and 3 district councils have approved celular telephony infrastructure regulations".
The telecommunications company prepares stores at four local shopping centers.
Richard Taylor, Director of Claro in Costa Rica, told Elfinancierocr.com they have reserved space at Terramall (Cartago), Plaza del Sol (Curridabat), Multiplaza Escazú (San Jose) and Paseo de las Flores (Heredia).
The Spanish company, with a $ 95 million offer, was the highest bidder entering the Costa Rican market.
With a $ 70 million minimum base for each band, Telefónica took the rights to the third block of frequencies, which are more attractive because they require less infrastructure investment.
Starting at 6:30 pm the financial bids submitted by Claro and Telefonica will be known.
In the presence of representatives from both companies, the Telecommunications Superintendence (Sutel) will uncover the proposals.
La Prensa Libre published on its website: "representatives of the two mobile carriers must be present in case of a possible tie in order to immediately make a counteroffer, so the frequencies can be awarded."
The company is looking to introduce its brand via offering satellite TV and later cell phone services.
Ricardo Taylor, general manager for Claro in Costa Rica, told La Nación that the company had already asked the government for a frequency through which to transmit the satellite signal it uses to provide customers with its service.
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