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Four state banks bid for Costa Rica’s cellphone privatization fund. Contributions from Telefónica and América Móvil

Thursday, August 4, 2011


\ Four of Costa Rica’s government-owned banks were the only ones that wanted to manage the trust set up for the privatization of cellphone services.\ \ The banks -- Nacional, Costa Rica, Popular and Crédito Agrícola de Cartago -- presented their bids to the telecoms regulator, Sutel. The winner is to be announced this week.\ \ The winner will manage a fund of $170 million to be funded by Spain’s Telefónica and Mexico’s América Móvil.\ \ Original source (in Spanish): La República\ \ \ \ \ \ \ \ \