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Liberty LatAm to sell fibre assets to complete AT&T Puerto Rico acquisition

2020-10-26 10:51:00| Telecompaper Headlines

(Telecompaper) Liberty Latin America (LLA) said it has entered into a consent judgment with the US Department of Justice (DOJ) regarding its acquisition of AT&T's operations in Puerto Rico and the US Virgin Islands. The DOJ finally cleared the transaction over a year after it was reached but required LLA to divest certain fibre-based assets and customer accounts in Puerto Rico to ensure price competition. Separately, LLA confirmed that it agreed to sell part of its B2B landline business in Puerto Rico to local operator WorldNet for an undisclosed amount to secure the DOJ's approval.

Tags: complete sell rico att

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