Telefonica announced that it had reached an agreement with Liberty Latin America for the sale of the entire capital stock of its operation in Costa Rica, a transaction totaling $500 million.
This is the second time that the sale of the capital stock of the telephone company's operation in Costa Rica has been reported.
After Millicom announced that it exercised its right to cancel the Share Purchase Agreement for the acquisition of Telefonica's operating subsidiary in Costa Rica, the Spanish firm will focus on strengthening its operations in the Central American country.
Eight months after the Telecommunications Superintendence authorized the economic concentration requested for Millicom to buy the shares of Telefónica de Costa Rica TC S.A., the parties announced on May 2nd that they had decided to rescind the agreement.
Millicom announced that it exercised its right to terminate the Share Purchase Agreement for the acquisition of Telefonica's operating subsidiary in the Central American country.
When the Central American economies begin to relax the restrictions that have been adopted to prevent the spread of covid-19, sales of pay television service are forecast to fall by at least 2%.
Using a demand/income sensitivity model developed by CentralAmericaData's Commercial Intelligence Area, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the region's countries are lifted.
In the third debate, the National Assembly approved the bill that considers the suspension of charges for electricity, fixed and mobile telephony and Internet services for four months.
This benefit will be available to self-employed workers, micro and small businesses, which have been affected in their income, as well as owners of restaurants, bars, casinos, public and private transport, affected by the pandemic, reported the Assembly.
At the auction held in El Salvador for the 1.7 and 2.1 GHz bands, Tigo was awarded five blocks and Claro was awarded four more.
For the auction held on December 5, the 1.7 and 2.1 GHz bands of the radio spectrum were made available, which is structured in 12 blocks, however, only nine blocks were awarded.
The Superintendence of Telecom of Costa Rica tenders the supply of tools to detect and block the use of stolen mobile terminals or with adulterated, duplicated or cloned IMEIs.
In El Salvador, businessmen are preparing a proposal for the government to disconnect the 2G telephone network, so that services migrate to 4G and 5G technology.
The initiative, which is being prepared by the National Association of Private Enterprise (ANEP), will be presented to the authorities during the National Meeting of Private Enterprise (Enade) 2019.
With the admission of a new procedure for the authorization of economic concentration, presented by América Movil and Telefonica de El Salvador, begins "the technical, economic and legal analysis that will determine whether or not the transaction will cause a significant limitation of competition."
Both companies submitted this third application for authorization on 19 September this year.
During the first three months of 2019, Central American countries imported cell phones for $329 million, 27% more than what was reported in the same period of 2018.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAPHIC caption="Click to interact with the graphic"]
On November 14, the Superintendence of Telecommunications of Guatemala will auction a short number, which is used by commercial entities to provide advertising services, information, assistance and services.
So far, 56 four-digit telephone numbers have been auctioned in the country and the next one to be made available to companies will be 1710, which may be used as a routing mask to an eight-digit number.
After rejecting the two previously filed applications, El Salvador's Superintendence of Competition confirmed that it had received a new request for América Móvil to complete the acquisition process of Telefónica.
In Guatemala, the telephone company Tuenti reported that it will now be part of América Móvil, owner of the Claro brand, following the sale of Telefonica's shares in early 2019.
The sanction was imposed following a complaint made "by TVC Network, S.A. de C.V., against Digicel, S.A. de C.V., for a possible abusive dominant position."
The complainant stated that this economic agent was creating barriers to the entry of competitors or the expansion of existing ones in the market for the termination of national and international calls, informed the authorities of the country.
The Mayor's Office of Managua filed a lawsuit against Millicom, arguing that the company has a debt of almost $1 million on account of five years of arrears in the payment of the Real Estate tax.
The debt claimed by the City Hall corresponds to the alleged omission in the payment of the municipal tax corresponding to 2014, 2015, 2016, 2017 and 2018, a period in which the assets still belonged to Telefónica.
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