The company America Movil, of Mexico, and Telefonica, Spain, today offered $ 70 to $ 95 million, respectively, to win one of the bids that would allow them to operate in Costa Rica after the opening of its telecommunications market.
The highest bid made Telefónica, proposing $ 95 million for permission to operate in one of three radio bands to be opened to competition in the Central American country after more than 60 years of state monopoly.
The Spanish company valued at $ 70 million cost of operating one of the bands, as revealed by the Superintendency of Telecommunications (Sutel) at a public event which opened the envelopes containing the financial offers.
For its part, America Movil, under the Claro brand, offered between $ 73, $ 75 and $ 77 million for various bands in competition.
Telefónica was interested only in two of the three bands opened by the Costa Rican government.
After announcing the amounts, said Sutel recommend to the Executive give the band Telefonica would pay 95 million dollars, of course, the offer to $ 75 million.
Both companies had submitted its technical proposal to the Sutel on 14 December.
The base amount of financial bids as stipulated the regulatory agency was $ 70 million and the award is given for a period of fifteen years.
Among the requirements that companies are asked to count on at least 1.8 million mobile subscribers, five years of operation in at least one country and have had annual revenues exceeding $ 450 million for three consecutive years.
The Sutel expected to win the bidding companies to start operations in Costa Rica in September next year, as Executive shall announce its final decision in the coming weeks.
Costa Rica agreed to open its telecommunications market under the Free Trade Agreement between Central America, Dominican Republic and United States signed in 2004 and approved by a referendum in October 2007.
From: www.todonoticia.com
www.sylcrlaw.com
