Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC and CableTica. The company is traded on the NASDAQ Global Select Market under the symbol LILA.

In 2018, Liberty Latin America spun off the main company and began operating independently from Liberty Global, which is the British-Dutch-American multinational telecommunications company with headquarters in London, Amsterdam and Denver.

The U.S. company announced the acquisition of all the operations of the Movistar brand from the company Telefonica Costa Rica for $500 million. Liberty also owns 80% of the shares of the Costa Rican cable company CableTica.

According to the firm, the goal of this negotiation is to combine the operations of Telefónica Costa Rica with those of CableTica to offer a broader service in the country.

"We are excited to increase our investment in the country," Balan Nair, president and CEO of Liberty Latin America, said.

The firm said that the clients of CableTica and Movistar will maintain their current conditions in their services.

Liberty in Latin America is providing communications services such as digital video, broadband internet, telephony and mobile services, as well as business products and services such as enterprise-grade connectivity, a data center, hosting and managed solutions, among others.

Liberty is one of many U.S. companies investing in Costa Rica. Recently, the Delaware headquartered Delbridge Solutions, a tech firm on data engineering & analytics opened a branch in Guanacaste.