Q COSTARICA
Liberty Latin America has abandoned its approach for Millicom International Cellular after it reportedly failed to secure enough support from its rival’s management.
Liberty said in a statement that it “has terminated conversations with Millicom . . . regarding a potential transaction. The Company remains focused on its growth strategy to deliver value for shareholders and provide market leading products and services to its customers.”
The news last week of a possible merger would have concentrated Costa Rica’s cable television, IP telephony, and cellular phone market in the hands of a few.
More: The Implications in Costa Rica Of A Liberty Latin America and Millicom Merger
The merger, if it had occurred, though global, would have required the approval of the Superintendencia de Telecomunicaciones (Sutel) – Costa Rica’s telecom regulator and the Comisión
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