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Liberty Latin America to acquire Telefonica Costa Rica for $500m

Christian Fernsby ▼ | July 30, 2020
Liberty Latin America (LLA) has entered into a definitive agreement to acquire Telefónica Costa Rica for approximately $500 million.
Costa Rica   Telefonica
The all cash deal places an enterprise value of $500 million on the business unit, on a cash and debt free basis.

Topics: Telefonica

“We have had great success in Costa Rica through our 2018 investment in 80% owned Cabletica, a leading fixed provider in the country and one of LLA’s fastest growing businesses, and are excited to increase our investment in the country,” said Balan Nair, president and CEO of Liberty Latin America."

Once the transaction is complete, Liberty Latin America intends for Telefónica Costa Rica to become part of the VTR credit pool, which will also include Cabletica.