Telefonica and AM bag wireless licences

10 Jan 2011

Costa Rica’s telecoms regulator Sutel has awarded wireless licences to Spain’s Telefonica and Mexico’s America Movil, ending Grupo ICE’s monopoly of the sector. Telefonica put its highest bid at USD95 million, ahead of America Movil’s USD77 million, for the best of three licences open for bidding, said Sutel. Sutel recommended that the Mexican firm win a separate licence for USD75 million. The third concession remains available and could be offered in a new auction, according to Sutel president George Miley. The awards, if approved by President Laura Chinchilla, could be granted in two weeks, with the new networks launching in September, he said.

Costa Rica,Telefonica, America Movil (AM),

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