regulatory
confidence high
sentiment negative
materiality 0.80
Costa Rica regulator SUTEL rejects Liberty Latin America-Millicom combination
Liberty Latin America Ltd.
- SUTEL issued final resolution not approving the proposed Costa Rica transaction combining LLA and Millicom operations.
- Companies disagree with decision; had submitted comprehensive commitments addressing potential concerns.
- Both parties now working on next steps per the terms of the combination agreement.
- LLA and Millicom remain convinced deal would have benefited Costa Rica's digital ecosystem.