Nearshore Americas

Tigo to Acquire Two Cable Operators in Costa Rica

European telco Millicom, which operates under the brand name of Tigo in Latin America, is set for a significant expansion in Costa Rica, with the country’s regulator approving its plans to acquire two local cable operators.

The watchdog reportedly said that the purchase of Cable Television Doble R (Cable Max) and Cable Zarcero would not adversely affect customers.

The approval comes barely a month after Millicom raised US$50 million from IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, saying it would bolster its telecom networks across Latin America.

Tigo has now agreed to provide both pay-TV and broadband services in Costa Rica pitting the company directly against Claro, a unit of Mexican telecom giant America Movil, and Liberty Latin America, which has only recently bulked up in the country by acquiring an 80% stake in Cabletica.

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Last year, Tigo collaborated with entertainment technology firm TiVo to launch One TV, its technology platform to provide pay-TV services, a service which is already being offered in Colombia. Reports say it will soon roll out the service to other Latin American countries including Paraguay and Bolivia.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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