All government shares in UTS Curacao to be sold, local report says

4 Jan 2019

The governments of Curacao and Sint Maarten will sell their entire respective 87.5% and 12.5% stakes in fixed/mobile operator UTS Curacao to a new private sector owner, the Curacao Chronicle reports this week citing government disclosures, although final details are yet to be confirmed. It was reported last month that negotiations between regional giant Liberty Latin America (LLA) and the government of Curacao on a proposed acquisition of UTS were at an advanced stage but the size of stake to relinquish had not been publicly disclosed at that point. LLA’s existing Flow Curacao subsidiary provides triple-play high speed broadband, TV and IP telephony.

Curaçao, Flow (Curacao), Liberty Latin America (LLA), UTS (Curacao)