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Telefonica confirms it will bid to enter Costa Rica's cellular market

Tuesday, September 7, 2010

Telefonica, Spain's largest telephone company, says it will not let the opportunity to expand into Costa Rica's cellular market pass by, confirming it will be one of the companies bidding for one of the three available licenses.

Also expected to tender their bid are America Movíl, Millicom (Amnet), Cable & Wireless and Digicel.

Each of three winners will be required to ante up $70 million to Costa Rica and compete with the state telecom, the Costa Rican Electricity Institute (ICE).

Original source: Inside Costa Rica