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.
The Superintendence of Telecommunications authorized the economic concentration requested for Millicom to acquire the shares of Telefonica de Costa Rica TC S.A.
The Superintendency of Telecommunications in Costa Rica is inviting bids for 7 projects to provide telephony and internet services to 52 districts in the Central Pacific and Chorotega Region.
From a statement issued by the Superintendency of Telecommunications in Costa Rica:
SUTEL opens competition to bring telephony and internet services to the Central Pacific and Guanacaste.
At the close of July 2014 7 operators were registered as concessionaires to exploit the radio spectrum and 122 authorized operators and service providers to provide services.
This market growth is reflected in a report by the Telecommunications Authority, confirming the dynamism that has been seen in the sector in recent years.
The revenue generated by the sector during 2014, reached the sum of $1,348 million, which is 34% more than the previous year and reached 3% of Gross Domestic Product (GDP).
Operators of the telecommunications market in Costa Rica are calling for intervention by the regulator in rates to be removed and for operations to be carried out within a framework of real commercial freedom.
After more than six years of having promoted laws which opened up the telecommunications market in Costa Rica, no operator has the ability to unilaterally set final prices or manipulate conditions in the telecommunications market.
The Superintendency of Telecommunications in Costa Rica has presented its second statistical report for the period 2010-2013.
From the report by SUTEL:
General Development of Sector
Five years after the adoption of the General Telecommunications Law, No. 8642, evaluation of sector performance shows positive results in revenue, investment, employment, population coverage and diversification of telecommunications services.
Intertel Worldwide competes directly with ICE in international calling, with rates up to five times lower than the state enterprise.
ICE (the Costa Rican Institute of Electricity) denounced the situation before the recently created Telecommunications Superintendent (SUTEL), arguing that Intertel Worldwide has not yet been authorized to operate. The new business responded that it is operating in the same manner in which cyber cafés that offer international calls via the Internet do.
The government added a reduction in telephone rates and an increase in the bandwidth of internet connections to the measures for dealing with the crisis.
The measure for the expansion of the internet connection bandwidth seeks to increase the competitiveness of micro, small and medium businesses in order to face the global crisis.
The article on Mipunto.com says that "the expansion of the bandwidth will benefit micro, small and medium businesses, as it "will allow them to improve their competitiveness," Arias said at a joint press conference with Pedro Pablo Quiros, president of the state-owned Costa Rica Institute of Electricity, which is in charge of telecommunications."
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