Liberty Latin America on Monday announced that it has completed the acquisition of Telefónica wireless operations in Costa Rica.
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.
Liberty Latin America signed the deal to acquire Telefonica’s Costa Rican operation for $500 million in 2020. The transaction helps the Spanish operator to reduce its net financial debt.
Balan Nair, President and CEO of Liberty Latin America
We are excited to welcome Telefónica Costa Rica’s employees and customers to Liberty Latin America. By combining our fixed business, Cabletica, with the mobile network operating under the Movistar brand, we will offer greater value to our customers. We are committed to providing even more connectivity solutions to Costa Ricans, as we aim to bring converged offerings to the market.
