Liberty Latin America and its partners in Peru have entered into an agreement to sell their respective stakes in WOW Tel S.A.C. to America Movil Peru S.A.C, a subsidiary of America Movil. WOW operates primarily as a fixed broadband internet service provider in Peru, and Liberty Latin America acquired a minority stake in the business in 2021 with additional investments made since then. The transaction is subject to regulatory approval by Peru's National Institute for the Defense of Competition and Protection of Intellectual Property, known as INDECOPI. The agreement reflects Liberty Latin America's continued focus on rationalizing its operating portfolio and optimizing capital allocation.
Liberty Latin America LtdLiberty Latin America is selling its stake in WOW, reflecting portfolio rationalization and capital allocation optimization.
America Movil SAB de CV ADR