Sunday 23 January 2022

Liberty Latin America abandons bid for Millicom

Paying the bills

Latest

Facebook experiments with Costa Rica reducing political content

QCOSTARICA - Meta, the multinational technology conglomerate, is carrying...

Why did retailers stop offering discounts in September?

QCOSTARICA - The traditional discounts or "ofertas" in Spanish, ...

President will present a counterproposal on medical cannabis

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Vehicle restrictions start at midnight starting Monday, January 24

QCOSTARICA - The government announced this Friday afternoon that...

Use of PIN for card payments pushed to May

QCOSTARICA - The Banco Central de Costa Rica (BCCR)...

How Latin America Is Faring against Omicron

Q REPORTS (AS/COA) - Omicron has made its unwelcome...

A Look at Costa Rica’s 2022 Elections

QCOSTARICA - With presidential elections around the corner, on...
Paying the bills

Share

Liberty Latin America has abandoned its approach for Millicom International Cellular after it reportedly failed to secure enough support from its rival’s management.

Liberty said in a statement that it “has terminated conversations with Millicom . . . regarding a potential transaction. The Company remains focused on its growth strategy to deliver value for shareholders and provide market leading products and services to its customers.”

The news last week of a possible merger would have concentrated Costa Rica’s cable television, IP telephony, and cellular phone market in the hands of a few.

- Advertisement -

More: The Implications in Costa Rica Of A Liberty Latin America and Millicom Merger

The merger, if it had occurred, though global, would have required the approval of the Superintendencia de Telecomunicaciones (Sutel) – Costa Rica’s telecom regulator and the Comisión de Promoción de la Competencia (Coprocom) – competition commission since both companies operate locallly.

Liberty recently purchased of a major stake in Cabletica, while Millicoom operates in the country under the Tigo brand.

- Advertisement -
Paying the bills

Related Articles

Cabletica and Movistar, convergence that marks a milestone in telecommunications

QCOSTARICA - Three months after the announcement of the integration of...

Liberty Latin America’s plans for Costa Rica

QCOSTARICA - With 6.3 million subscribers in 12 countries and US$4.5...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.