• Costa Rica Real Estate Auction
  • Costa Rica Real Estate

Flourish of Pen Opens Door To Private Telecom Market

June 6, 2008

In a historic moment for Costa Rica, President Oscar Arias signed a law yesterday that will end the state’s 59-year-old monopoly on telecommunications services.

The measure will allow other national and foreign firms to join the Costa Rican Electricity Institute (ICE) in offering cell phone, Internet, radio and other telecom services here.

The law will go into effect after it is published in La Gaceta, the official government daily newspaper.

The first private telecom firm will likely open in two years, ICE President Pedro Pablo Quirós said Wednesday. An open market will be welcome to foreigners without residency, who are not allowed to own their own land or cell phone lines through ICE.

Competition will force ICE to improve its outdated services, Quirós said.

“We have 12,500 employees and 8,000 contractors,” he said. “We should not be running the company like a general store.”

The law puts Costa Rica in compliance with the most hotly contested part of the Central American Free-Trade Agreement with the United States (CAFTA), ratified by referendum in October.

Hundreds of thousands of people have taken to the streets in the past decade to protest an open telecom market.

 

You may be interested

Costa Rica prepares for 50th anniversary of Fiestas de Zapote
Events
66 views
Events
66 views

Costa Rica prepares for 50th anniversary of Fiestas de Zapote

The Tico Times - November 12, 2019

In December, Costa Rica will celebrate the 50th anniversary of its iconic Fiestas de Zapote. The week-long celebration — part…

The Tico Times Weekly Digest: November 12, 2019
Costa Rica
343 views
Costa Rica
343 views

The Tico Times Weekly Digest: November 12, 2019

The Tico Times - November 12, 2019

Welcome to The Tico Times Weekly Digest, where we bring you up-to-speed on the biggest news from Costa Rica. Check…

Bolivia crisis leaves La Sele without player for upcoming matches
La Sele
25 views
La Sele
25 views

Bolivia crisis leaves La Sele without player for upcoming matches

AFP and The Tico Times - November 12, 2019

The Costa Rica men's national soccer team will not be able to count on goalkeeper Leonel Moreira, a last-minute replacement…

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