Costa Rican Electricity Institute’s (ICE) Board of Directors defined that the pay TV and residential internet company Cable Vision will give its operation rights and obligations to it, in order to strengthen services offered by the cable company. It has ceded ts rights to ICE on April 10th, and will take on its operations, services and networks from September 1st.
As reported by the ICE, the agreement was ran after defining technical, commercial, financial and legal aspects required to end the assignment.
Last year, the Republic General Comptroller (CGR) made an audit to Cable Vision and determined that the company acquired by ICE was expecting economic problems and generating losses. The Institute acquired the cable company in 2013, and the value’s transaction has not been informed yet. At that time, it had 25 thousand customers. According to data provided by the Costa Rican Telecommunications Superintendency (Sutel) the company recorded more than 22 thousand customers in the first quarter of 2018, and lost almost 3,000 clients in five years.