The state-owned Instituto Costarricense de Electricidad (ICE) aims to break into the business of cable television and is bidding for the company Cablevision.
This was reported by the ICE Group and Cablevision, separately. In addition, two other companies have also submitted offers to buy the cable company, which mainly provides services in areas having low and middle economic strata, reported Nacion.com.
Leyda Lombana , manager of Cablevision, declined to specify the price of the offers. "Yes, the decision will be made before the end of February, said (Lombana)", states the article on the website.
Source: Nacion.com
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January 2011
ICE plans to join forces with a telecom in order to compete locally and in other countries of the region.
Eduardo Doryan , President of the Instituto Costarricense de Electricidad, and Orlando Cascante, director of International Affairs, confirmed that the company, whom in the past had the monopoly of communications in Costa Rica, is looking for a partner with expertise in telecommunications to create an alliance that can compete effectively in the now open local market, and to initiate a process of internationalization by providing services in Central America.
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“Radiográfica Costarricense” (Racsa) will invest in a new high speed Internet access network.
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