Swedish firm buys AMNET for $510 millionTuesday, July 22, 2008 The Swedish firm Millicom has purchased the telecommunications company AMNET for 510 million dollars, and will acquire its 350,000 cable clients in Honduras, Costa Rica and El Salvador. AMNET offers services of cable television, telephone and internet as a multimedia "Triple Play" package. Companies Advising in Telecommunications OpeningMonday, November 30, 2009 Costa Rica's telecommunications superintendence is negotiating advising deals for developing the required public bidding processes. These agreements include one with the World Bank, and another with U.S. company Telecommunications Management Group (TMG), who will be advised by Costa Rican law firm BLP Abogados and Deloitte. Cable & Wireless Buys 51% of BTC BahamasMonday, December 6, 2010 C & W announced the signing of a memorandum of understanding to acquire 51% of Bahamas Telecommunications Company (BTC). C & W and the Government of the Commonwealth of the Bahamas worked together to complete the statutory audit, contract terms and obtain the necessary permits and other regulatory approvals in order to complete the transaction by the first quarter of 2011. Amnet Increases Investment in HondurasWednesday, October 7, 2009 Amnet acquired rights to broadcast two additional TV channels. Samuel Zúñiga, executive director of Amnet Honduras, reported the company is investing approximately $800.000 a month in this project. El Salvador: Amnet Operates Under Tigo BrandFriday, May 15, 2009 El Salvador is the first country in Central America where there was a complete merger. Tigo’s parent company, Millicom International Cellular S. A., invested $14 million to expand Amnet's network in the country. Amnet Invests $3.5 Million in Costa RicaMonday, November 16, 2009 Since June, the company is offering data services and corporate Internet for companies. For now, the service will only be available for corporate customers located in the Greater Metropolitan Area (GAM). Costa Rica: Amnet to Offer its Own Internet ServiceMonday, March 1, 2010 Starting this week the company will offer its own Internet connection service, after years of carrying Racsa’s service through its cable network. Both companies, Amnet and Radiografica Costarricense S.A. (Racsa), landed an agreement under which each customer will decide with which company they want to stay. Amnet - Telefonica Mutiservicios Merger Application SubmittedWednesday, February 15, 2012 The Superintendency of Competition in El Salvador has agreed to process a merger request by Amnet and Multi Telefónica. AMNET - Telefónica Multiservicios Merger AuthorizedMonday, April 30, 2012 The Competition Superintendence in El Salvador has approved a merger between AMNET and Telefónica Multiservicios having determined that it will not generate a significant limitation of current competitive conditions. From a press release from the Superintendence of Competition: Costa Rica: TIGO Brand to Replace AmnetTuesday, July 17, 2012 As of July 23 the Amnet brand will give way to TIGO, owned by Millicom International Cellular S.A. Under the name Tigo, the operator will handle Internet services, cable television and home telephone lines, the company announced in a news release. Costa Rica: Amnet to Offer IP TelephonyMonday, March 21, 2011 The company is awaiting authorities to assign the numbers in order to begin marketing. Raul Ibanez, manager of Amnet Costa Rica, said that for international calls the company promises improved rates and for calls between Amnet residential users the price will be minimal. Ticom and Amnet processing permit to operate in Costa RicaTuesday, February 3, 2009 These two companies, along with WorldCom, are the first three to request authorization from Sutel to offer telecommunications services. Mercedes Aguero writes in an article on Nacion.com: "According to the new law which regulates the telecommunications sector, any company that offers services for which they receive payment must have the approval of Sutel. Authorization of Telecommunications Companies in JulyWednesday, May 20, 2009 The Superintendent of Telecommunications of Costa Rica estimates that it will deliver the first licenses to operate in the market in July. The period specified by the Telecommunications Superitendent (Sutel) is consistent with the terms of the General Telecommunications Law, and it contemplates a resolution of all the objections to the admission of the different businesses presented by the Costa Rican Institute of Telecommunications (ICE) and RACSA. Yota Nicaragua Awarded Fixed Telephony ContractWednesday, September 30, 2009 The subsidiary of Russian state company Rostejnologuii will invest $50 million, looking to double the number of fixed telephony users. 3 other companies participated in the bidding process: Claro, Movistar and Amnet Newcom. Tigo Invested $210 Million in El SalvadorTuesday, July 21, 2009 In the last 10 months, the telecommunications company has invested in improving its technological platform for Internet access. For Tigo, subsidiary of Millicom, its biggest bet has been its fusion with Amnet, announced in May 2009. Globally, the company has invested $510 million, out of which $210 million were in El Salvador. |
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