Liberty Latin America completed the acquisition of Telefonica’s operations in Costa Rica for $500m.

Liberty Latin America, a telecommunications company, completed the acquisition of the Costa Rican operations of Telefonica, a Spanish multinational telecommunications company, for $500m “We have had great success in Costa Rica through our 2018 investment in 80%owned Cabletica, a leading fixed-provider in the country and one of LLA’s fastest-growing businesses, and are excited to increase our investment in the country. Combined with Cabletica, we look forward to creating a leading integrated communications player providing customers in Costa Rica with high-quality value propositions and unparalleled customer service. This transaction comes at an attractive valuation, consistent with our disciplined approach towards M&A,” Balan Nair, Liberty Latin America President and CEO.