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 COSTARICANEWS | Wednesday 01 September 2010

Five Companies Show Interest In Costa Rica's Cellular Telephone Market

Costa Rica's Superintendencia de Telecomunicaciones (SUTEL) on Monday published the bidding rules for the cellular tender that sets out the terms and conditions for operators planning to bid for one of the three cellular telephony licenses.

The bidders, who are required to have a minimum customer base of 1.8 million customers, have revenues over us$450 million dollars outside of Costa Rica and have been operating for over five years at least in one country, have 45 days to place their bids.

The Costa Rican government will grant three licenses to compete with the state owned telecom, the Instituto Costarricense de Electricidad (ICE). The move aims to break the telecoms monopoly held by ICE and introduce competition into the cellular phone market.

According to the SUTEL,  by noon on Tuesday, 17 copies of the bid document were bought up and at least five companies are serious about making a bid. They are: Cable&Wireless, Telefónica, Claro, Digicel and Millicom (Amnet).

The SUTEL also announced that each of the three winning bidders will have to put up us$70 million dollars for a license.

The interested companies have until November 5 to submit their bids, after which the SUTEL will analyze the bids and choose three operators that will have to be up and running by September 2011.

 

 

 

 
 
 
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