M&A Deal Summary

Liberty Latin America Acquires Telefonica SA - Costa Rica Business

On July 30, 2020, Liberty Latin America acquired communications company Telefonica SA - Costa Rica Business from Telefonica for 425M EUR

Acquisition Highlights
  • This is Liberty Latin America’s 4th transaction in the Communications sector.
  • This is Liberty Latin America’s 2nd largest (disclosed) transaction.
  • This is Liberty Latin America’s 1st transaction in Costa Rica.

M&A Deal Summary

Date 2020-07-30
Target Telefonica SA - Costa Rica Business
Sector Communications
Buyer(s) Liberty Latin America
Sellers(s) Telefonica
Deal Type Divestiture
Deal Value 425M EUR

Target

Telefonica SA - Costa Rica Business

Costa Rica
Telefonica SA's Costa Rica Business is a mobile service provider with 2.3 million subscribers, and its mobile network currently has approximately 90% LTE population coverage.

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Buyer(S) 1

Buyer

Liberty Latin America

Hamilton, Bermuda

Category Company
Founded 2017
Sector Communications
Employees10,000
Revenue 4.5B USD (2024)
DESCRIPTION

Liberty Latin America, together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. Liberty Latin America was founded in 2017 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 4
Sector: Communications M&A 4 of 4
Type: Divestiture M&A Deals 3 of 3
Country: Costa Rica M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Cable & Wireless

Victoria, Madagascar

Cable & Wireless (Seychelles) Ltd. is a telecommunications company in Seychelles. Cable & Wireless (Seychelles) Ltd. offering includes a full range of communications and entertainment services such as IPTV, broadband internet, telephony and mobile for residential and business customers. CWS also provides tailored solutions supported by an ongoing commitment to quality, value and the best customer experience.

Sell $104M

Seller(S) 1

SELLER

Telefonica

Madrid, Spain

Category Company
Founded 1924
Sector Communications
Employees100,870
Revenue 41.3B EUR (2024)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.


DEAL STATS #
Overall 12 of 15
Sector: Communications M&A 7 of 10
Type: Divestiture M&A Deals 11 of 14
Country: Costa Rica M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Liberty Global and Telefonica - UK Joint Venture

United Kingdom

Liberty Global and Telefonica - UK Joint Venture consists of Virgin Media and O2. The combination of Virgin Media and O2 will create a nationwide integrated communications provider with over 46 million video, broadband, and mobile subscribers and £11 billion of revenue.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-07 IhackLabs

London, United Kingdom

IhackLabs is a company that identifies, teaches, trains and validates the level of expertise of the next generation of cybersecurity professionals. It has different cloud-based training platforms and labs under a SaaS model that simulate real cyber threat situations adapted to the specific needs of companies and organisations of all kinds in multiple sectors. IhackLabs is based in London, United Kingdom.

Buy -