Liberty to Mull Purchase of Telefonica Latin America Units
- Telefonica cutting exposure to region to focus on core markets
- Billionaire John Malone seeks growth through acquisitions
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Liberty Latin America Ltd., the regional operator backed by billionaire John Malone, is considering an acquisition of Telefonica SA’s businesses in Colombia and Ecuador, people with knowledge of the matter said.
The telecommunications companies have held talks over a potential deal, the people said, asking not to be identified discussing confidential information.