RACSA expecting losses of USD5 million for 2014

18 Dec 2014

State-owned internet service provider (ISP) Radiografica Costarricense (RACSA) is expecting to register losses of USD5 million for 2014, news portal crhoy.com writes, without naming its source. The operator, a subsidiary of Grupo Instituto Costarricense de Electricidad (Grupo ICE), has booked losses for the last six years, including a CRC6.3 billion (USD11.91 million) loss in 2013 and is undergoing a strategic reshuffle to return it to profitability by 2017. As previously reported by CommsUpdate, the operator is planning to stop selling to the residential market to concentrate on the public sector and corporate users. The plan expects RACSA to see losses reduced further in 2015 and to stabilise by 2016, before the company starts registering profits in 2017.

Costa Rica, Grupo ICE, Radiografica Costarricense (RACSA)