Costa Rica, Telefonica and America Movil win contracts

Posted on January 10, 2011 • Filed under: Business, Costa Rica

Spain’s Telefonica and Mexico’s America Movil have won mobile licences in Costa Rica and are set to become the first competition to the state-owned operator in the country. According to Reuters, the local regulator (Sutel) announced that Telefonica won the most desirable licence on offer with a high bid of US$95 million, while America Movil landed a separate licence for US$75 million. Read Article

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