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General

Liberty LatAm agrees to sell fibre assets to complete AT&T Puerto Rico buy

Monday 26 October 2020 | 10:51 CET | News
Liberty Latin America (LLA) said it has entered into a consent judgment with the US Department of Justice (DOJ) regarding its acquisition of AT&T's operations in Puerto Rico and the US Virgin Islands. The DOJ finally cleared the transaction over a year after it was reached but required LLA to divest certain fibre-based assets and customer accounts in Puerto Rico to ensure price competition. Separately, LLA confirmed that it agreed to sell part of its B2B landline business in Puerto Rico to local operator WorldNet for an undisclosed amount to secure the DOJ's approval.

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