Costa Rican Regulator Rejects Liberty Latin America/Millicom Deal
In what the companies said was a surprise, Costa Rica’s Board of Telecommunications Superintendency rejected a proposal to combine the operations of Liberty Latin America and Millicom International Cellular in that country. Both companies had “maintained an open and ongoing…
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dialogue” with the regulator, said a news release Thursday. “The companies remain convinced that the transaction would have enabled greater technology investment, strengthened market competitiveness, and accelerated the expansion of next-generation networks, directly benefiting users and Costa Rica’s digital ecosystem.” Liberty is based in the U.S. and Millicom in Luxembourg.