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Regulator rejects TeleCable acquisition by Tigo Costa Rica

2015-04-29 17:13:00| Telecompaper Headlines

(Telecompaper) Millicom, which operates in Costa Rica under the Tigo brand, has confirmed that its petition to merge with Costa Rican cable operator TeleCable Economico has not been sanctioned by local telecoms regulator Sutel. Millicom said that it is now reviewing the information provided by Sutel including its option to appeal. Tigo Costa Rica had reached an agreement to buy the cable TV operator in December 2014. Tigo in Costa Rica provides residential services such as cable and satellite TV, internet and home phone IP. It also provides data connection services to the corporate market, high speed internet and IP business telephony.

Tags: costa rica acquisition regulator

Category:Telecommunications

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