Cable & Wireless Panamá Completes the Acquisition of América Móvil’s Panama Operations

Liberty Latin America Ltd. announced that its 49%-owned subsidiary Cable & Wireless Panamá S.A., has completed its acquisition of América Móvil S.A.B. de C.V.’s operations in Panama.

Balan Nair, President and CEO of Liberty Latin America, commented, “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.”

Source: LIBERTY LATIN AMERICA media announcement