Millicom to invest USD 30 million this year in Costa Rica

Just days after the announcement that Liberty Latin America had agreed to acquire 80% of Cabletica, Milicom confirmed that it will invest USD 30 million in the Costa Rican market to strengthen its offer in the country.
“We are a multinational company, we are in more than 12 countries and we are used to competing with big market players on two continents,” said Norman Chaves, director of Corporate Affairs at Tigo Costa Rica, according to La República. “In the country we are leaders in the Internet, IP telephony and cable TV segments, we have the highest market share and our investment strategy will continue regardless of the competition”, the executive added.
According to the Costa Rican media, the investment is aimed at digitizing its network, adding new channels to the lineup, doubling Internet speeds and bringing services to cantons in the South and North, where they have not been able to deploy networks because they do not have access to posts.