“The all-cash transaction values Claro Panama at an enterprise value of $200 million on a cash-and-debt-free basis,” said Liberty Latin America in a separate statement.
Liberty Latin America said the acquisition, including fees and expenses, is intended to be financed using cash and incremental borrowings at Cable & Wireless Panama.
Claro Panama generated $157 million of revenue for the fiscal year ended December 31, 2020. The business had 760,000 mobile subscribers as of June 30, 2021.