The Costa Rican cellular phone market will have two new providers in 2011, regional giants America Móvil and Telefónica.

On Tuesday at the Hotel Intercontinental in Escazú, west of San José, the bidding opened at 10 a.m., and allowed bidders one hour for their presentations to a SUTEL panel. Near the end of the hour, Mexico-based América Móvil, known locally as the company Claro, and Spanish provider Telefónica, which will become Azules y Platas, approached the panel and submitted their secret bids. Each company also paid a $3.5 million deposit to the Central Bank of Costa Rica.

Complete news: http://bit.ly/dO3Qgj   or   http://www.ticotimes.net/Business-Real-Estate/Telecom-giants-enter-C.R.-cell-phone-market_Friday-December-17-2010