Liberty Latin America Receives Authorization From the President of Costa Rica to Acquire Telefonica’s Costa Rican Operations
August 02 2021 - 9:15AM
Business Wire
Transaction to close by mid-August 2021
Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”)
(NASDAQ: LILA and LILAK, OTC Link: LILAB) and Telefónica S.A.
(“Telefónica”) in Costa Rica (“Telefónica Costa Rica”), announced
today that the companies have received authorization from the Costa
Rican President, Carlos Alvarado Quesada, for the sale of
Telefónica’s operations in Costa Rica to Liberty Latin America’s
80% subsidiary, Cabletica. The Superintendent of Telecommunications
(Sutel) also determined there was no evidence the transaction would
produce any anti-competitive effects and approved the transaction
without conditions.
Telefónica and Liberty Latin America are excited to complete the
transaction and to combine Cabletica and Movistar in Costa Rica.
The companies intend to close the transaction shortly.
ABOUT LIBERTY LATIN AMERICA
Liberty Latin America is a leading communications company
operating in over 20 countries across Latin America and the
Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil,
BTC and Cabletica. The communications and entertainment services
that we offer to our residential and business customers in the
region include digital video, broadband internet, telephony and
mobile services. Our business products and services include
enterprise-grade connectivity, data center, hosting and managed
solutions, as well as information technology solutions with
customers ranging from small and medium enterprises to
international companies and governmental agencies. In addition,
Liberty Latin America operates a subsea and terrestrial fiber optic
cable network that connects over 40 markets in the region.
Liberty Latin America has three separate classes of common
shares, which are traded on the NASDAQ Global Select Market under
the symbols "LILA" (Class A) and "LILAK" (Class C), and on the OTC
link under the symbol "LILAB" (Class B).
For more information, please visit www.lla.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210802005411/en/
Investor Relations: Kunal
Patel ir@lla.com
Media Relations: Claudia
Restrepo llacommunications@lla.com
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