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Liberty buys Telefónica’s Costa Rica assets after failed Millicom deal

Shutterstock.com/Manuel Esteban

Several Baker Botts LLP offices and EY Law (Costa Rica) have helped telecoms company Liberty Latin America agree to buy all Telefónica’s operations in Costa Rica for some US$500 million, only three months after the Spanish telecoms giant’s sale of the same assets to counterpart Millicom fell through.