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Tag: america
Liberty Latin America acquires Telefonica's Costa Rica unit for EUR 425 mln
2020-07-30 10:17:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced an agreement to sell its mobile telecommunications assets in Costa Rica to Liberty Latin America for a total of USD 500 million (EUR 425 million), a multiple of around 7.4 times the unit's 2019 OIBDA. The transaction comes just 3 months after Millicom pulled out of a deal to acquire the unit for USD 570 million, paving the way for legal action from the Spanish operator. Last November Telefonica announced the "operational spin-off" of its remaining Latin American units as part of a restructuring plan to modulate its exposure to the region and focus on its core markets of Spain, the UK, Germany and Brazil.
Telefonica Q2 sales plunge 11% in Latin America on heavy Covid-19 and forex impact
2020-07-30 09:52:00| Telecompaper Headlines
(Telecompaper) Telefonica said its operations in Latin America were heavily impacted by the Covid-19 pandemic and weak local currencies in the second quarter of 2020, with revenues plunging 10.8 percent on an organic basis and 28.0 percent on a reported basis to EUR 1.89 billion, compared to EUR 2.61 billion a year earlier. The newly-combined Telefonica Hispam unit comprises all of Telefonica's Latin American subsidiaries, with the exception of Brazil, and is being spun off as part of a wide-ranging restructuring plan announced last November.
Tags: sales
america
impact
heavy
Liberty Latin America to acquire Telefónicas operations in Costa Rica
2020-07-30 08:00:02| Digital TV News
Liberty Latin America (NASDAQ: LILA and LILAK, OTC Link: LILAB) has entered into a definitive agreement to acquire Telefónica's wireless operations in Costa Rica. Telefónica is Costa Ricas second largest mobile provider.
Tags: america
costa
operations
latin
Farm Progress America, July 29, 2020
2020-07-29 12:00:00| National Hog Farmer
Max Armstrong looks at the current state of the dairy industry, which offers some good news
Tags: july
america
progress
farm
Farm Progress America, July 29, 2020
2020-07-29 12:00:00| Beef
Max Armstrong looks at the current state of the dairy industry, which offers some good news
Tags: july
america
progress
farm
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