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General

AT&T sells Puerto Rico, USVI assets to Liberty Latin America for USD 1.95 bln

Wednesday 9 October 2019 | 16:46 CET | News
AT&T has agreed to sell its operations in Puerto Rico and the US Virgin Islands to Liberty Latin America for USD 1.95 billion in cash, confirming earlier reports. In a statement, the US operator said it expects the deal to close within 6 to 9 months following review by the FCC and the Department of Justice. It added that the sale includes network assets, leases and real estate, 1.1 million mobile subscribers and contracts. A total of 1,300 current AT&T employees will move over to Liberty Latin America at the close of the deal.

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Categories: General
Companies: AT&T / Liberty Latin America
Countries: Puerto Rico / Virgin Islands (U.S.)
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