LILAK Overview

Regulatory Decision: Costa Rica's telecommunications regulator, SUTEL, has denied the proposed merger between Liberty Latin America and Millicom, which aimed to enhance technology investment and market competitiveness.

Unexpected Outcome: Both companies expressed surprise at the decision, as they had engaged in ongoing discussions with SUTEL and believed they had addressed all potential concerns.

Future Collaboration: Following the regulatory ruling, Liberty Latin America and Millicom are collaborating on the next steps in accordance with their combination agreement.

Company Backgrounds: Liberty Latin America and Millicom are both significant players in the telecommunications sector, with respective websites provided for further information.

Humanitarian Efforts Post-Hurricane: Liberty Latin America, in collaboration with the Liberty Caribbean Foundation, airlifted essential supplies to Jamaica just 48 hours after Hurricane Melissa, delivering items like water, food, and network restoration equipment.

Local Distribution and Support: Flow Jamaica's local team began distributing the supplies to the hardest-hit communities, with ongoing coordination and support from Liberty Latin America’s teams in Miami.

Call for Donations: The Liberty Caribbean Foundation is urging public and corporate partners to contribute to relief efforts, which will fund food, water, emergency kits, and long-term recovery programs for affected families.

Company Overview: Liberty Latin America operates in over 20 countries, providing a range of communication services, and has a strong presence in the Caribbean through its consumer brands and enterprise solutions.