Next week shares transfer UTS-Liberty Latin America

WILLEMSTAD - The acquisition deal between UTS and Liberty Latin America is complete. The parties will sign for the share transfer next week, confirms Minister of Communication Zita Jesus Leito.

The minister cannot say what amount is involved in the takeover because of the non-disclose clause in the agreement. The minister also wants to say nothing about the value of UTS. The only thing she wants to comment about it is that the telecom company is going for more than the government had assumed.

 

The sale of UTS was discussed extensively in parliament on Wednesday.




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