Tigo seeks regulator permission for TeleCable acquisition

23 Dec 2014

Millicom International Cellular (MIC) has announced that it has agreed terms and conditions to acquire the business of TeleCable Economico, and merge the company with its Costa Rican subsidiary, Millicom Cable Costa Rica, which trades as Tigo Star. As such, MIC has made an application for the deal to be sanctioned by industry regulator Superintendencia de Telecomunicaciones (SUTEL). If approved, the new company would have an extended geographical coverage and offer consumers a greater range of services and innovative products, the company has noted.

According to TeleGeography’s GlobalComms Database, TeleCable currently offers coverage of San Jose, Heredia and Alajuela, and its hybrid fibre-coaxial (HFC) network provides downlink speeds of up to 10Mbps. TeleCable is the fourth largest internet service provider (ISP) in Costa Rica, representing around 7.8% of the sector at the end of September 2014, placing it behind the likes of Kolbi (49.5%), Tigo Star (23.7%) and Cabletica (13.1%).

Costa Rica, Millicom Cable Costa Rica (Tigo), Millicom International Cellular (MIC), Telecable Economico