DOJ Asks Court OK for Liberty/AT&T Puerto Rico Divestiture Terms
DOJ asked a federal court to sign off on the proposed final judgment to fix anti-competitive issues with Liberty Latin America's $1.95 billion acquisition of AT&T’s wireless and wireline telecommunications businesses in Puerto Rico and the U.S. Virgin Islands (see…
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2010230053). In a motion for entry of final judgment (docket 20-cv-03064, in Pacer) Wednesday in U.S. District Court for the District of Columbia, Justice said Liberty would have 30 days after the court's asset preservation order to sell the fiber network in the San Juan area that it picked up as part of its 2016 acquisition of Cable & Wireless Communications. The buyer has to be given an indefeasible right of use to provide fiber connectivity over specific fiber strands in Liberty's network dedicated to the buyer's use, it said.