Phone sold to Liberty Latin America to its subsidiary in Costa Rica for 425 million euros

Carlos Manso ChicoteSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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Phone tab moves in the continent, in Central america and has closed an agreement with Liberty Latin America to sell the entirety of its subsidiary in Costa Rica for an amount of 500 million dollars (about 425 million euros) , as reported by the company in a statement sent to the CNMV (National Commission of Market Values). An operation that is estimated that will generate capital gains by an amount of 210 million euros and that there is still subject to the approval of the appropriate regulatory authorities.

approximately 7.4 times the OIBDA of the company for 2019. A number that would be in line with what has been achieved for Telefónica in this part of the american continent. The Spanish multinational expected with this desinversió n reduce its net debt 425 million euros.

This move comes just three months after the walkout of the buyer previous – Millicom – that recanted at the last moment. In this regard, from the Spanish carrier have confirmed that they will continue with legal actions against you in what he described as “an unjustified failure of the agreement reached in 2019”. In this sense, have been added that will demand a financial compensation.

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