Millicom International Cellular S.A. has agreed to purchase Amnet for $510 million. Amnet is Costa Rica’s leading cable provider and a major provider of high-speed Internet. The company has 350,000 corporate and residential accounts in Costa Rica, Honduras and El Salvador. The transaction in with months.

Millicom has 8.8 million subscribers, mostly under the Tigo brand in Central America. The firm is the leading supplier of mobile services in Guatemala, El Salvador and Honduras and is a publicly traded company on the Nasdaq and reported $1.2 billion in income in 2007.

As you can see the big players continue to pour investment money into Costa Rica