Millicom receives approval to buy two regional cable operators in Costa Rica

Costa Rica’s Telecommunications Superintendency (Sutel) has approved the acquisition of Cable Zarcero and Cable Max by Millicom, which operates in the country under the Tigo brand. According to the regulator, there were no indications of potential adverse effects for the competition derived from the acquisition of both companies.
The transaction includes the commercial operation, the client portfolio and the assets of both operators, reported El Financiero. Millicom must inform the regulator when the merger effectively ends.
In this way, Tigo will expand coverage in the country. Cable Zarcero operates pay TV and residential Internet in Los Chiles, Guatuso, Sarapiquí and Garabito. For its part, Cable Doble R, which uses the commercial brand Cable Max, has a presence, with the same services, in Abangares, Bagaces, Cañas, Liberia, Tilarán and Pérez Zeledón.
Tigo is the largest pay TV operator in the Costa Rican market in number of subscribers. It competes with the state-owed operator ICE, with Claro, DTH provider Sky and with Cabletica, a company that was acquired by Liberty Latin America.