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| No more lines? Costa Ricans stand in line awaiting to acquire a cell phone line. On several occasions in recent years, cell phone demand has outstripped supply, resulting in phone line shortages and long lines when new lines finally become available. Proponents of opening the Costa Rican Electricity Institute's (ICE) telecom monopoly have argued the long lines will disappear once the market is open to competition. Telecom giant Millicom, which recently purchased Amnet, could be one of the private companies looking to fill that void. |
| Tico Times archive |
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| Millicom returns, buys Amnet |
Telecom giant Millicom International Cellular announced Tuesday that it would acquire Amnet Telecommunications Holding Limited, a leading Central American provider of broadband Internet and cable television, for $510 million. |
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| U.S. deejay dies on Caribbean beach |
Tony Nicolais, a 38-year-old deejay from the U.S. city of Orland Park, Illinois, died Monday while snorkeling in choppy water on the beach near Hotel Rocking J's, where he had been staying, in Puerto Viejo. |
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| Movie short premiers |
Today marks the premiere of “400 metros planos” (400 meter dash), a film short directed by the first graduate of private university Universidad Veritas's cinema and TV school. |
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Edited By Fabián Borges
Tico Times Staff | fborges@ticotimes.net |
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| Jul 24 |
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Happy and The Muslito Dance Show
Free show, 7 p.m., Spanish Cultural Center , Av.13, Ca. 31, 2257-2919, ext. 118.
Free Film Show “400 Meters”
Drama. Story of an athlete woman who becomes disable after an accident and whose son tries to find a pair of tennis to run so he can return some happiness to her, 8 p.m., Variedades Theater, Ca. 5, Av. Ctrl./1, 2222-6108. |
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| Millicom returns, buys Amnet |
By Fabián Borges
Tico Times Staff | fborges@ticotimes.net |
Telecom giant Millicom International Cellular announced Tuesday that it would acquire Amnet Telecommunications Holding Limited, a leading Central American provider of broadband Internet and cable television, for $510 million.
“This transaction is an important step in the development of our strategy for Central America,” said Marc Beuls, president and CEO of Millicom. “There is a lack of fixed line infrastructure to carry broadband services but customers in these markets are increasingly demanding access to broadband services, and in order to satisfy the demand we are launching 3G services across the region in the second half of 2008.”
The acquisition is expected to be completed within three months, according to Millicom.
Amnet is Costa Rica's leading cable provider and a major provider of high-speed Internet through a partnership with state-owned Internet provider Radiográfica Costarricense (RACSA).
Previously known as Cable Color Televisión, Amnet became Costa Rica's first cable television provider in 1982. The company was given its current name after being acquired by Chicago-based Amzak International in 1997. Amnet opened in El Salvador in 1999 and has since expanded throughout the region.
Amnet provides cable, broadband and fixed telephony in El Salvador and Honduras, as well as private data services in those countries and Guatemala and Nicaragua. The company also has operations in the Dutch Antilles, Ecuador, and Trinidad and Tobago. Overall, Amnet has some 350,000 corporate and residential customers. Last year, the company generated $143 million in revenues.
The Luxembourg-based Millicom already has a strong presence in the region. Operating under the Tigo brand, the company is currently the leading cell phone operator in El Salvador, Guatemala and Honduras.
Central America is Millicom's most important market, accounting for 43 percent of its worldwide revenue, 55 percent of its before-tax earnings and 38 percent of its subscribers. Last year, Millicom's Central American operations had 8.8 million subscribers and generated $1.2 billion in revenues. Worldwide, Millicom operates in 16 countries in Asia, Africa and Latin America, servicing 287 million customers.
Millicom will be able to expand its services in Costa Rica beyond those offered by Amnet once the state-owned Costa Rican Electricity Institute's (ICE) telecom monopoly is opened to competition. Under the Central American Free-Trade Agreement with the United States (CAFTA), Costa Rica agreed to open to private competition cell phone, broadband Internet and private data services.
This will be Millicom's second venture into Costa Rica. During the first administration of president Oscar Arias (1986-1990), the company was awarded a concession to exploit a radio frequency that allowed it to offer cell phone service outside ICE's monopoly from 1989 to 1995.
Millicom left the country in 1995, two years after the Constitutional Chamber of the Supreme Court (Sala IV) declared illegal the way in which the company was awarded control over part of the country's electromagnetic spectrum and ruled that only the state could provide mobile phone services.
ICE ended up taking over Millicom's infrastructure, and Millicom sued the Costa Rican government for over $400 million in a U.S. federal court in Washington, D.C., for monopolistic practices and unlawful expropriation. The court rejected the trial in February 1998.
Last week, Sala IV okayed one of two bills aimed at opening the market. The bill will now return to the Legislative Assembly for a second vote. |
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| U.S. deejay dies on Caribbean beach |
By Nicolas Ruggia
Tico Times Staff | editorial@ticotimes.net |
Tony Nicolais, a 38-year-old deejay from the U.S. city of Orland Park, Illinois, died Monday while snorkeling in choppy water on the beach near Hotel Rocking J's, where he had been staying, in Puerto Viejo.
“It wasn't (good) snorkeling conditions,” said Joseph John Korchmoros, owner of the Hotel. “There were waves, there was current. You would never go snorkeling in that condition. The visibility was maybe one or two feet.”
A neighbor alerted the hotel staff that something was wrong with a man in the water.
“Someone said there was a man floating strangely,” Korchmoros said. “Me and another guy ran out and tried to resuscitate him.”
The Red Cross of Talamanca and medics arrived on the scene shortly thereafter and also tried CPR to no avail.
“When the Red Cross reached him, there was nothing they could do,” said Melvin Marin of the Puerto Viejo police. “The guy was dead.”
He was pronounced dead at the scene at 2:32 p.m. |
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| Movie short premiers |
Today marks the premiere of “400 metros planos” (400 meter dash), a film short directed by the first graduate of private university Universidad Veritas's cinema and TV school.
The short, directed by Federico Lang, was filmed in San Francisco de Coyote in the northwestern province of Guanacaste using a cast of mostly amateur actors. The firm starts José Daniel López, Mishelle Morera, Carlos Cubillo, and María Laura Acevedo, a professional actress with experience in film and television.
The movie follows the story of Diego and his mother, doña Sonia, an athlete whose dreams were shattered by a physical disability. Early in the movie, Diego's father abandons the family, leaving doña Sonia devastated. Diego and his best friend, Ana, decide to cheer up doña Sonia by having Diego join a track and field team and make his mother's dreams come true. However, before this can happen, Diego needs to acquire a pair of tennis shoes.
“It's the story of how Diego acquires the tennis shoes to help his mother,” director Federico Lang explained. “What matters the most to him is her happiness and not his own economic wellbeing. I wanted to tell this story because it reflects a common situation in our country, where a lot of the time responsibility falls on the children.”
Lang is the first graduate of Universidad Veritas' film and television school, the only film school in Central America.
The screening of the short, which will be free and open to the public, will take place today at 8 p.m. at San José's Cine Variedades (Ca. 5, Ave. Central and 1). For more information, call 2224-2312. |
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