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Grupo ICE seeks to stem losses by ditching copper

31 Aug 2022

Costa Rican utility firm/telecoms operator Grupo ICE has issued a statement confirming its plans to slow the pace of its investment in loss-making copper networks and concentrate on the deployment of fibre-optic and mobile technologies. Between 2015 and 2020 the company notes that its copper networks generated a loss of CRC453 billion (USD697.9 million), with widespread copper thefts contributing to the financial deficit.

Marco Acuna, president of Grupo ICE, commented: ‘One of our founding principles is to benefit the most vulnerable areas and provide services under the values ​​of solidarity and universality. However, we must ensure the protection of public resources and seek a definitive solution to this situation.’

TeleGeography notes that Grupo ICE, which trades as Kolbi, ended 2021 with 443,684 PSTN subscriptions, down from a peak of 1.060 million in 2010.

Costa Rica, Grupo ICE (Kolbi)

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