Claro, Movistar complete spectrum purchase

6 Mar 2018

Claro Costa Rica and Movistar Costa Rica have completed their acquisition of additional spectrum in the 1800MHz and 2100MHz bands, a press release from the Ministry of Science, Technology and Telecommunications (Ministerio de Ciencia, Tecnologia y Telecomunicaciones, MICITT) has confirmed, following approvals last week from the Comptroller General (La Contraloria General de la Republica, CGR) endorsing the results of last year’s frequency auction. Mexican-owned Claro paid USD19 million for 2×5MHz in the 2100MHz band and 2×10MHz in the 1800MHz range, whilst Spanish-backed Movistar paid USD24 million for 2×20MHz in each of the aforementioned bands. The USD43 million raised from the sale is to be used by the National Telecommunications Fund (Fondo Nacional de Telecomunicaciones, Fonatel) to invest in projects ‘aimed at people in vulnerable conditions and people living in areas that are economically unattractive for investment from companies,’ Vice Minister of Telecommunications Edwin Estrada explained, adding: ‘This money will be used to support connectivity and digital literacy and [ensure] that people, regardless of their condition and the area where they live, have access to [high] quality telecommunications services.’