Liberty Latin America completed the acquisition of controlling stake in UTS for $165m.

Liberty Latin America completed the acquisition of 87.5% of United Telecommunication Services, which provides fixed and mobile services to the island Curacao, St.Maarten, St. Martin, Bonaire, St. Barths, St. Eustatius and Saba in all cash transaction from the Government of Curacao. This enhanced national and regional scale will provide a platform for both improved and exciting services for all our customers and for further material synergies. “We are excited to welcome UTS to Liberty Latin America. By consolidating these operations in Curacao, we will form the largest full-service converged telecom operator on the island and create a true national champion, bringing world-class connectivity solutions to our customers on both fixed and mobile networks. In addition, through acquisition, we are expanding our footprint in the region, allowing us to further leverage our operational scale and unique sub-sea network," Balan Nair, Liberty Latin America President and CEO.