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.

 

Facebook Comments

You may be interested

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)
Pic of the Day
66 views
Pic of the Day
66 views

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)

Alejandro Zúñiga - April 18, 2019

Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…

Costa Rica holds Maduro regime responsible for diplomat’s safety
Costa Rica
11 views
Costa Rica
11 views

Costa Rica holds Maduro regime responsible for diplomat’s safety

AFP and The Tico Times - April 18, 2019

The Costa Rican Foreign Ministry said on Wednesday that it places responsibility with the Venezuelan government of Nicolás Maduro for…

Venezuela withdraws diplomatic credential from Costa Rican diplomat
Latin America
25 views
Latin America
25 views

Venezuela withdraws diplomatic credential from Costa Rican diplomat

AFP and The Tico Times - April 17, 2019

Venezuela withdrew the diplomatic credential from the Costa Rican chargé d'affaires on Tuesday in retaliation for the country’s acceptance of…

Do NOT follow this link or you will be banned from the site!