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Note—consult Where to Notify to check whether notification thresholds in Costa Rica and across the globe are met. 1. There have been recent developments regarding the Costa Rican merger control regime. What are the main points of interest and are any further updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Costa Rica? A ruling is keenly awaited in 2025 from the competent authority on the request for merger analysis between LBT CT Communications and Millicom Spain S.L. (case file L0159-STT-MOT-CN-01308-2024) (not reported by LexisNexis®). The operation has attracted considerable interest, as both companies are major players in the telecommunications industry, with reach extending to the international arena. A preliminary assessment by the Superintendence of Telecommunications (SUTEL) indicates both undertakings hold a strong presence across multiple segments, including fixed broadband internet, subscription television, fixed-line telephony, business connectivity services, and the wholesale markets for international capacity and leased lines. These indications raise material questions about how the merger could influence market competition. In...