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Costa Rica could be next in line for mobile shake-up

Tuesday, January 29, 2019


Spain's Telefónica, known for its Movistar brand, shook up the Central American mobile phone market last week by announcing its intention to sell all of its Central American operations, beginning with Guatemala and El Salvador, which were snapped up by Mexico's América Móvil, known for its Claro brand.

Costa Rica is seen as the most attractive market in the region and logic appears to dictate that Movistar Costa Rica could be acquired by Tigo.

However, Tigo's parent company, Millicom International was until last week officially in talks on a possible sale to Liberty Latin America. Other companies that might be interested could be Cable & Wireless of the United Kingdom, and AT&T of the United States.