{"id":278123,"date":"2021-08-02T16:03:03","date_gmt":"2021-08-02T16:03:03","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=324755"},"modified":"2021-08-02T16:03:03","modified_gmt":"2021-08-02T16:03:03","slug":"telefonica-cleared-to-offload-costa-rica-unit","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/08\/02\/telefonica-cleared-to-offload-costa-rica-unit\/","title":{"rendered":"Telefonica cleared to offload Costa Rica unit"},"content":{"rendered":"

<\/p>\n

\tTelefonica\u2019s long-running saga to divest its Costa Rica unit finally entered the closing stages, as the country\u2019s president approved a sale to Liberty Latin America\u2019s local cable business later this month.<\/p>\n

In a stock market statement, the companies confirmed the change of ownership had been cleared by Costa Rica President Carlos Alvarado Quesada having already received approval from [1] regulator The Superintendencia de Telecomunicaciones (Sutel).<\/p>\n

Once completed, the Movistar Costa Rica business will be combined with Liberty Latin America\u2019s local broadcast and fixed player Cabletica.<\/p>\n

The pair said they were \u201cexcited to complete the transaction\u201d and intended to do so in the middle of this month.<\/p>\n

Telefonica\u2019s path out of Costa Rica has been far from smooth. In February 2019 [2] it agreed to sell to Millicom alongside two other business units in Central America. However, following regulatory issues and a row between the two businesses [3] the agreement was scrapped in 2020 [4].<\/p>\n

Less than three months later [5] Telefonica announced it had reached an agreement with Liberty Latin America on a \u20ac425 million ($505 million) sale, a discount on the $570 million Millicom had been willing to pay.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/telefonica-costa-rica-exit
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/millicom-moves-on-telefonica-central-america-units
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/millicom-faces-telefonica-backlash-over-costa-rica-deal
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/millicom-abolishes-telefonica-costa-rica-acquisition
\n[5] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/telefonica-finds-costa-rica-buyer-virus-hits-earnings<\/p>\n\n

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Telefonica\u2019s long-running saga to divest its Costa Rica unit finally entered the closing stages, as …<\/p>\n

The post Telefonica cleared to offload Costa Rica unit<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Telefonica cleared to offload Costa Rica unit - ITTeacherITFreelance.hk","description":"Telefonica\u2019s long-running saga to divest its Costa Rica unit finally entered the closing stages, as ... The post Telefonica cleared to offload Costa Rica unit a"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/278123"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=278123"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/278123\/revisions"}],"predecessor-version":[{"id":278124,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/278123\/revisions\/278124"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=278123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=278123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=278123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}