Cable companies spend big amid fierce competition in Costa Rica

Companies in Costa Rica that offer satellite and cable TV are making big investments in a market that can only get tougher.

The announcement of the purchase of 80 percent of Cabletica by Liberty Latin America that was announced in June has spurred replies by Tigo and Movistar TV.

The total number off subscribers to pay TV reached 831,000 last year, reflected in profits fro the operators of $260 million, a 6 percent increase on 2016.