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General

Liberty LatAm examining acquisition of Telefonica's Colombia and Ecuador units - report

Wednesday 16 December 2020 | 12:03 CET | News
Liberty Latin America (LLA) is examining the possibility of acquiring Telefonica's Movistar Colombia and Movistar Ecuador subsidiaries, according to unnamed sources cited by Bloomberg. The companies have held talks over a potential deal, said the sources, adding that there's no certainty they will result in a transaction. Earlier this year, LLA finalised a deal to acquire Telefonica's Costa Rican mobile business for around USD 500 million in cash, including debt, having last year spent around USD 2 billion to purchase AT&T's operations in Puerto Rico and the US Virgin Islands.

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Categories: General
Companies: Liberty Latin America / Movistar Colombia / Movistar Ecuador / Telefonica
Countries: Colombia / Ecuador
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