NEWS
Liberty Latin America and Millicom agree to combine operations in Costa Rica
Liberty Latin America and Millicom have entered into an agreement to combine the companies ’ respective operations in Costa Rica .
Under the terms of the all-stock agreement , Liberty Latin America and its minority partner in Costa Rica will hold an approximate 86 % interest and Millicom 14 % in the joint operations – with the final ownership percentage confirmed at closing .
As of December 31 , 2023 , the combined operations had Adjusted OIBDA of approximately $ 255 million , more than 440,000 broadband subscribers and net debt of $ 533 million .
The transaction reinforces the parties ’ commitment to Costa Rica by creating the opportunity for a scaled platform and accelerated investments in fiber network expansion .
Balan Nair , President and CEO , Liberty Latin America , said : “ Costa Rica is a great country to operate in and Liberty Costa Rica is a strong business for us . By combining Liberty and Tigo , the fixed operations will accelerate the transition to FTTH and will enable us to deliver exceptional high-speed services for consumers .”
Mauricio Ramos , Chair , Millicom , said : “ This merger is expected to generate new efficiencies and improve commercial offerings , providing customers with access to mobile services and premium content . It creates a stronger , more competitive entity with high investment capacity to meet the accelerated technological changes , network expansion and service improvements .”
The transaction is subject to customary closing conditions , including regulatory authorizations , and is expected to be completed during the second half of 2025 .
TD SYNNEX opens LATAM Center of Excellence to develop new technologies
TD SYNNEX has opened a Center of Excellence ( CoE ) in LATAM and the Caribbean ( LAC ) in partnership with IBM .
The CoE is a competence centre that offers both business partners and companies in the region the opportunity to learn more and explore cutting-edge technologies for the sector , such as AI , data , automation , customised solutions and sustainability . differentiating factor in the market by generating or enhancing their solutions with disruptive technologies such as automation , data and artificial intelligence .”
Areas of expertise for the CoE include IBM software ( data , artificial intelligence , business automation , IT automation and security ), storage and Red Hat ( Openshift , Ansible and RHEL ).
The center is now available to partners in Brazil and will soon be operational for the rest of the LAC countries .
Otavio Lazarini , President , Latin America and the Caribbean , TD SYNNEX , said : “ TD SYNNEX will facilitate the entry and growth of partners in the IBM world , not only from a physical point of view but also in terms of familiarity with the nuances of their technologies and business applications .
“ We have the privilege of being a bridge between the companies that develop the technology and the channels that bring it to market .
Tonny Martins , President and General Manager of Technology , IBM Latin America , said : “ The inauguration of the TD SYNNEX CoE with support from IBM will allow our partners to create a
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