According to local news provider, AM Costa Rica, RACSA General Manager Isidro Serrano told reporters at a press conference called to announce a reduction in the service provider's commercial rates, that RACSA plans to install a fiber optic system throughout the region, and hopes to be operational in Panama by the end of next year.

AM Costa Rica reported that the former monopoly internet provider is lowering its commercial prices in order to compete with the Insituto Costarricense de Electricidad (ICE), which has recently entered into the business of providing internet services.

However, given that ICE is the parent company of RACSA, the 'competition' between the two companies is not perhaps taken as seriously as it might be.

'RACSA as a monopoly, frequently has been the target of criticism and jokes. The ICE move also is seen as a way to maintain an internet monopoly in Costa Rica while at the same time giving the illusion of competition,' the local newspaper observed on Wednesday.