Arias advises Telefónica on $538m sale to Liberty Latin America

Arias Law has counselled Telefónica on the sale of its regional operations to Liberty Latin America in Costa Rica

 Arias Law, through its team in Costa Rica, has advised Telefónica on the sale of its regional operations in Central America to Liberty Latin America in Costa Rica for $538 million US dollars.

The advice included the coordination of the entire transaction related to Costa Rica, including the applicable legal and regulatory aspects required to complete the sale, the preparation of the seller’s due diligence and support in the negotiation and drafting of the transaction documentation.

Through this transaction, Liberty Latin America expands its existing presence in Costa Rica, as the company already owns an 80% stake in fixed line operator Cabletica. Liberty intends to make the new assets part of its subsidiary VTR, which already owns Cabletica.

Arias’ team comprised partners Carlos Ubico (pictured left), Andrey Dorado (pictured centre) and Carolina Flores (pictured right), along with associates Tracy Varela, Luis Diego Obando and Ligia Alfaro.