Liberty Latin America announced that its 49%-owned subsidiary Cable & Wireless Panamá has completed its acquisition of América Móvil’s operations in Panama (Claro Panamá), one of the largest fixed and wireless retail telecommunications providers in the country.
“We welcome the positive conclusion of the regulatory review for our transaction in Panama. The combination of Cable & Wireless Panamá with Claro Panamá will bring significant benefits to our customers, who will enjoy an enhanced network experience with greater coverage and speeds nationwide. It will also create more room for investments that will drive technological innovation to meet the growing needs for connectivity, capacity, speed, and new products and solutions. This transaction showcases Liberty Latin America’s commitment to the Panamanian market and our focus on delivering value for our customers, employees, and shareholders,” commented Balan Nair, President and CEO of Liberty Latin America.
Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. The communications and entertainment services that it offers to its residential and business customers in the region include digital video, broadband internet, telephony and mobile services.