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Panama
Stonepeak’s $2.7bn LATAM digital infrastructure takeover completes as Lumen exits Cirion
Lumen Technologies (NYSE: LUMN) has officially closed the sale of its Latin American operations to alternative investment firm Stonepeak for US$2.7 billion cash. The Latin American business, called Cirion, will operate as an independent portfolio company of Stonepeak. As a result of the trans...
August 01
Liberty Latin America-backed digital infrastructure owner completes América Móvil Panama acquisition
Liberty Latin America Ltd. (NASDAQ: LILA and LILAK, OTC Link: LILAB) said its 49%-owned subsidiary Cable & Wireless Panamá S.A. (Cable & Wireless Panamá or “Más Móvil”), has completed its acquisition of América Móvil S.A.B. de C.V.’s (AMX) operations in Panama (Claro Panamá). Balan Nair, President and CEO of Liberty Latin America, said: “We welcome th...
July 18
Millicom plans to invest $3bn, carves out tower business
Emerging markets telecommunications operator Millicom (Nasdaq: TIGO) said it plans to deploy US$1 billion per year over the next three years in capital expenditure (CAPEX). The US$3 billion sum will be used on upgrading infrastructure and expanding the existing business according to chief executive Mauricio Ramos, speaking during the company’s Investor Day live stream. ...
February 16
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