Saturday, 24 October 2020

Sutel Approves Purchase of Cabletica

At the end of June it was confirmed that the Superintendence of Telecommunications (Sutel) approved the purchase of Cabletica by Liberty Latin America.

Simultaneously, the regulator gave the green light to Telecable’s purchase of a fiber optic network in Guanacaste from SAL Telecommunications Technicians.

Liberty Latin America, announced the acquisition back in February, in an agreement to acquire 80% of Cabletica.

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Cabletica is valued at an enterprise value of around US$250 million dollars. The company owns and operates in Costa Rica,  cable television, Internet service, telephony and Teletica,  Canal 7, formerly known as Televisora de Costa Rica S.A., the first Costa Rican television company, founded in 1958.

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