Liberty Latin America (LLA) has completed its purchase of an 80% stake in Cabletica, Costa Rica’s third-largest broadband provider by subscribers, which had an enterprise value of around CRC146 billion (USD248 million). The remaining 20% is to be retained by Televisora de Costa Rica (Teletica). LLA President and CEO Balan Nair commented on the takeover: ‘We are thrilled to have completed our first acquisition of LLA and look forward to leveraging our capabilities and investing in Cabletica to enhance the leading products and services currently being delivered to customers Costa Rica.’ As previously reported by CommsUpdate, the deal was agreed in February this year and given regulatory clearance in June.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors