Liberty Latin American Doubles Down on Mobile
Liberty Latin America (NASDAQ: LILA) (NASDAQ: LILAK), a cable, phone, and internet provider serving more than 20 countries in Latin America and the Caribbean, including Chile, Panama, Puerto Rico, and Costa Rica, has built itself through a patchwork of acquisitions over the years, most notably its $7.4 billion purchase of Cable & Wireless Communications in 2016.
In line with its long-term strategy of "rolling up" assets in the region, the company has two more acquisitions that will expand its footprint. Specifically, the company is expanding into wireless in Puerto Rico and Costa Rica, where it already offers cable internet services. Liberty Latin America already offers mobile phone services in conjunction with cable internet in several markets including Panama, Jamaica, and Chile. Therefore, the move to add mobile in Puerto Rico and Costa Rica is a continued push into offering more services in its covered regions.
Liberty Latin America already has a sizable business in Puerto Rico, where it has provided access to TV and internet services for years. Missing from that package has been wireless phone service -- until now.
Source Fool.com
