Cell Phone Earnings Increase 142%

April 21, 2006

Profits from cellular phones in Costa Rica reached $146 million in 2005, marking a 142% increase over 2004, reported the weekly El Financiero.

Data from the Costa Rican Electricity Institute (ICE), the state-owned telecommunications monopoly, indicated that in 2005, earnings from cell phones reached $268.8 million, while operating costs were $122.8 million. Of the 4.2 million people living in Costa Rica, approximately 1.2 million have cell phones.

The cell phone sector is one of those most open to competition in the telecommunications industry if Costa Rica ratifies the Central American Free-Trade Agreement with the United States (CAFTA).

Under CAFTA, lucrative ICE-controlled markets would be open to competition, including the cell phone and Internet markets.

Costa Rica is the only signatory country that has not ratified CAFTA.

 

You may be interested

Adaptive surfing, part II: The story of Dean Bushby
sports
118 views
sports
118 views

Adaptive surfing, part II: The story of Dean Bushby

Ellen Zoe Golden - May 22, 2018

A three-part look at adaptive surfing in Costa Rica. Read Part I here to learn how a Central Pacific coach is…

Costa Rica launches Pride Connection network
Human rights
146 views
Human rights
146 views

Costa Rica launches Pride Connection network

Elizabeth Lang - May 22, 2018

As Costa Rica continues to grapple with the disagreements about marriage equality and gender identity that dominated the second round…

Costa Rica at a glance: top news from the past week
The Alvarado Administration
182 views
The Alvarado Administration
182 views

Costa Rica at a glance: top news from the past week

The Tico Times - May 21, 2018

Newly inaugurated Costa Rican President Carlos Alvarado is closing in on two weeks on the job. Here are some of…