Liberty Latin America and Millicom Abandon Proposed Costa Rica Network Combination

November 13, 2025

Liberty Latin America and Millicom announced that Costa Rica’s telecommunications regulator (SUTEL) issued a final resolution not to approve their proposed transaction to combine their respective operations in Costa Rica. The companies said they believe the combination would have increased technology investment and accelerated next-generation network expansion, and they are working on next steps under the existing combination agreement.

Buyers
Liberty Latin America Ltd, Millicom International Cellular S.A.
Targets
Costa Rica telecommunications operations of Liberty Latin America, Costa Rica telecommunications operations of Millicom
Location
Costa Rica
Transaction Type
Divestiture

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