Liberty completes acquisition of Cabletica

Liberty Latin America announced that it has completed the acquisition of an 80% stake in Cabletica, a leading Costa Rican cable operator. The company was acquired for an enterprise value of CRC 146 billion (approximately USD 250 million)
Televisora de Costa Rica, the former owner, will maintain the remaining 20% interest. The deal had been announced in February. In June, it received the approval of the Telecommunications Superintendence (Sutel). Cabletica provides triple play services to residential customers. It competes with Tigo, Sky and ICE, among other operators.
This is the first acquisition of the company as Liberty Latin America. This unit completed its split-off from Liberty Global and operates as a separate company since January 2018. It has presence in more than 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC.
“We are thrilled to have completed our first acquisition as Liberty Latin America and look forward to leveraging our capabilities and investing in Cabletica to enhance the leading products and services currently delivered to customers in Costa Rica,” commented president and CEO Balan Nair.
Luciano Ramos, VP Technology & Product, CTO of Liberty Latin America, will participate as speaker in the next edition of NexTV CEO Latin America, which will be held in Miami on November 1 & 2.