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Liberty LatAm acquires remaining 12.5% of UTS

Wednesday 11 September 2019 | 09:03 CET | News
Liberty Latin America has announced the acquisition from the government of St. Maarten of the remaining 12.5 percent of Curacao-based telecommunications operator United Telecommunication Services (UTS) it did not already own. The move comes after it acquired 87.5 percent of UTS at a total enterprise value of USD 189 million in March.

UTS provides fixed and mobile services to the island nations of Curacao, St. Maarten, St. Martin, Bonaire, St. Barts, St. Eustatius and Saba, serving a total of around 100,000 fixed subscribers and 134,000 mobile subscribers, mostly in Curacao. Earlier this year Liberty Latin America said UTS would be merged with its existing Cable and Wireless Communications business in Curacao and integrated into its regional operations.



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Categories: General
Companies: Cable and Wireless / Liberty Latin America / UTS
Countries: Caribbean
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