Liberty Latin America Gets Authorization to Buy Telefonica's Costa Rican Operations
August 02 2021 - 10:23AM
Dow Jones News
By Michael Dabaie
Liberty Latin America Ltd. said Costa Rican President Carlos
Alvarado Quesada authorized the sale of Telefonica S.A.'s
operations in Costa Rica to Liberty Latin America's 80% subsidiary,
Cabletica.
The company said the country's Superintendent of
Telecommunications also determined there was no evidence the
transaction would produce any anti-competitive effects and approved
the transaction without conditions.
Telefonica and Liberty Latin America said they plan to complete
the transaction and to combine Cabletica and Movistar in Costa Rica
shortly.
Liberty Latin America shares were up 1.7% to $13.88 in early
trading. Telefonica American depositary receipts were up 1.8% to
$4.67.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
August 02, 2021 10:11 ET (14:11 GMT)
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