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

2020-07-30 10:17:00| Telecompaper Headlines

(Telecompaper) 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 of Spain, the UK, Germany and Brazil.

Tags: eur america unit costa

 

Liberty Latin America to acquire Telefónicas operations in Costa Rica

2020-07-30 08:00:02| Digital TV News

Liberty Latin America (NASDAQ: LILA and LILAK, OTC Link: LILAB) has entered into a definitive agreement to acquire Telefónica's wireless operations in Costa Rica. Telefónica is Costa Ricas second largest mobile provider.

Tags: america costa operations latin

 
 

Liberty Global, Telefonica to merge O2, Virgin Media in 50-50 joint venture in UK

2020-05-07 08:17:00| Telecompaper Headlines

(Telecompaper) Liberty Global and Telefonica have reached an agreement to merge their UK operations in a 50-50 joint venture. This brings together the country's largest mobile operator O2 UK with cable operator Virgin Media and its MVNO Virgin Mobile. 

Tags: media uk global joint

 

Liberty Global and Telefónica to merge UK operations

2020-05-07 08:00:27| Digital TV News

Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) and Telefónica (Madrid: TEF) have agreed to merge their operating businesses in the UK to form a 50:50 joint venture. The combination will create an integrated communications provider with over 46 million subscribers.

Tags: uk global operations liberty

 

Telefónica confirms UK merger discussions with Liberty Global

2020-05-04 10:00:37| Digital TV News

Telefónica has said that in relation to discussions with Liberty Global on a potential integration of their respective telecoms businesses in the UK, Telefónica informs that the process initiated by both parties is in a negotiation phase.

Tags: global discussions liberty merger

 

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