Telecable seeks approval for Cable Costa takeover

8 Nov 2018

Full-service provider Telecable Economico has sought permission from sector watchdog the Superintendency of Telecommunications (Superintendencia de Telecomunicaciones, Sutel) to acquire Cable Costa, El Financiero writes. The financial details of the takeover were not disclosed, but Telecable’s CEO stated that, whilst the acquisition would be more expensive than expanding its own networks, the purchase of Cable Costa – which serves the Turrialba and Jimenez cantons of Cartago province – would allow Telecable to accelerate its growth in terms of subscribers and coverage. As part of the approval process, Sutel will consider whether the takeover would lead to any distortions in the market and has invited the public and industry stakeholders to submit any comments on the matter within the next five days.

Costa Rica, Telecable Economico