SAN JOSE, COSTA RICA – October 15th, 2012 – ICE is considering a move into cable television service via the acquisition of the cable provider, Cablevision.
The electric and telecommunications company says it is currently studying conditions for the acquisition put in place by the country’s Telecommunications Superintendence (SUTEL), before it continues negotiations for the acquisition.
Claudio Bermudez of ICE said that the institute is carrying out a complete review of SUTEL’s conditions, specifically those that involve the way in which the company could conduct business. ICE has until Wednesday to make any appeals to SUTEL’s conditions.
SUTEL’s conditions include that ICE and Cablevision can not make any sales that are linked or conditioned on the services that the other offers, though they can offer special packages to their monthly service clients, with a detailed description of each service. Also, the promotions or packages that include the television service must first be approved by SUTEL.
According to the 2011 Census, a total of 555,843 houses have cable or satellite television. The market is dominated by Tigo (formerly Amnet) and Cabletica. Between the two, the companies have over 70% market share.
Cablevision, meanwhile has approximately 15% omarket share. The company provides most of its service in Tibas, Moravia, Goicoechea, Desamparados, Tres Rios and Cartago. It also provides broadband Internet service via cable modem.