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Wireless

Liberty Latin America acquires Telefonica's Costa Rica unit for EUR 425 mln

Thursday 30 July 2020 | 10:17 CET | News
Telefonica has announced an agreement to sell its mobile telecommunications assets in Costa Rica to Liberty Latin America for a total of USD 500 million (EUR 425 million), a multiple of around 7.4 times the unit's 2019 OIBDA. The transaction comes just 3 months after Millicom pulled out of a deal to acquire the unit for USD 570 million, paving the way for legal action from the Spanish operator. Last November Telefonica announced the "operational spin-off" of its remaining Latin American units as part of a restructuring plan to modulate its exposure to the region and focus on its core markets

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Categories: Mobile & Wireless
Companies: Liberty Latin America / Millicom / Movistar Costa Rica / Telefonica
Countries: Costa Rica
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