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Tag: costa rica
Intel to invest USD 350 mln in Costa Rica chip production
2020-12-14 12:10:00| Telecompaper Headlines
(Telecompaper) Intel has announced plans to invest a total of USD 350 million over the next 3 years to start microprocessor assembly and test operations in Costa Rica, a key part of chip production. The investment is expected to create over 200 new jobs in the upcoming months, with operations due to start in the second half of 2021, said the company, adding that Costa Rica is the first Latin American country site to perform such processes.
Tags: production
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Liberty Latin America acquires Telefonica's Costa Rica unit for EUR 425 mln
2020-07-30 10:17:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced an agreement to sell its mobile telecommunications assets in Costa Rica to Liberty Latin America for a total of USD 500 million (EUR 425 million), a multiple of around 7.4 times the unit's 2019 OIBDA. The transaction comes just 3 months after Millicom pulled out of a deal to acquire the unit for USD 570 million, paving the way for legal action from the Spanish operator. Last November Telefonica announced the "operational spin-off" of its remaining Latin American units as part of a restructuring plan to modulate its exposure to the region and focus on its core markets of Spain, the UK, Germany and Brazil.
Millicom terminates Telefónica Costa Rica purchase agreement
2020-05-02 16:30:59| Digital TV News
Millicom International Cellular has announced that it has exercised its right to terminate the Share Purchase Agreement (SPA) for the acquisition of Telefónicas operating subsidiary in Costa Rica in accordance with the terms of the SPA.
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Telefonica squabbles with Millicom over Costa Rica unit takeover
2020-04-30 02:00:00| Total Telecom industry news
Back in February 2019, Telefonica signed a significant deal for the sale of its Costa Rican, Panamanian and Nicaraguan units for a total of $1.65 billion. At first, the takeover process went smoothly, with the transfer of the Nicaraguan assets complete by May and the Panamanian unit by August…read more on TotalTele.com »
Tags: unit
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costa rica
Costa Rica TV subscriptions up 6.2% in 2018
2019-08-01 17:00:50| Digital TV News
Costa Rica's Superintendencia de Telecomunicaciones (SUTEL) has releases statistics for the country's telecoms market in 2018. Costa Rica finished 2018 with 884,000 pay TV subscribers. The market grew by 52,000 (6.2%) over the year.
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