Tigo looking to snap up two regional cablecos

25 Jul 2018

Tigo Star Costa Rica, the nation’s second largest ISP by subscribers, is seeking regulatory approval to take over regional cablecos Cable Television Doble – which operates under the Cable Max brand – and Cable Zarcero, NexTV LatAm writes, citing a report from El Financiero. The operator, a subsidiary of Millicom International Cellular (MIC), submitted a request to sector regulator the Superintendency of Telecommunications (Superintendencia de Telecomunicaciones, Sutel) at the end of June, following which it will need to secure the approval of the anti-trust authority. As noted by TeleGeography’s GlobalComms Database Tigo’s bid to acquire rival cableco Telecable Economico in late 2014 was shot down by Sutel in April the following year on the basis that it would reduce competition in the pay-TV market. The operator went on to say in February 2017 that it was considering other potential acquisition targets, but refused to name them at the time.

Costa Rica, Millicom Cable Costa Rica (Tigo), Superintendencia de Telecomunicaciones (Sutel), Telecable Economico