AT&T
announced yesterday that it has completed the sale of its wireless and
wireline operations in Puerto Rico and the U.S. Virgin Islands to
Liberty Latin America (NASDAQ: LILA and LILAK). The transaction includes
employees, network assets and spectrum, real estate and leases,
customers, including more than one million wireless subscribers; and
contracts. A search of the Inside Towers Database showed 55 towers registered to AT&T in Puerto Rico and seven in the Virgin Islands.
The U.S. Justice Department recently called on the two companies to
divest some fiber assets and customers to WorldNet Telecommunications to
complete the deal.
Balan Nair, President and CEO of Liberty Latin America, said, “This is a
great day for Liberty Latin America, the employees that will be joining
us from AT&T, and most importantly the consumers and businesses in
Puerto Rico and the U.S. Virgin Islands who will realize the benefits of
this transaction. By creating the leading integrated provider, we will
deliver added value to customers through expanded product offerings,
more resilient infrastructure, and world-class customer service
levels.” Continue Reading
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