Liberty Latin America sells WOW Tel stake in Peru
Liberty Latin America Ltd and its partners have agreed to sell their stakes in WOW Tel S.A.C., a fixed broadband provider in Peru, to America Movil Peru S.A.C. The transaction, part of a portfolio rationalization strategy, is subject to regulatory approval from Peru's National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI).

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Liberty Latin America Ltd and its partners have entered into an agreement to sell their respective stakes in WOW Tel S.A.C. to America Movil Peru S.A.C., a subsidiary of America Movil. WOW operates primarily as a fixed broadband internet service provider in Peru. The transaction aligns with Liberty Latin America’s strategy to rationalize its operating portfolio and optimize capital allocation.
Liberty Latin America acquired a minority stake in WOW in 2021 and made additional investments in the intervening period. The business is accounted for as an equity method investment. The completion of the sale is subject to certain closing conditions, including regulatory approval by Peru’s National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI).
Transaction Details
The following table outlines the key parties involved in the agreement:
| Entity | Role |
|---|---|
| Liberty Latin America Ltd | Seller |
| Partners in Peru | Seller |
| WOW Tel S.A.C. | Target Company |
| America Movil Peru S.A.C. | Buyer |
Regulatory Conditions
The transaction requires approval from Peru’s National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI). The deal cannot close until this and other conditions are satisfied.
How will the sale proceeds impact Liberty Latin America’s capital allocation strategy moving forward?
What are the potential antitrust concerns INDECOPI might raise regarding America Movil's increased market share?
Could this transaction signal a broader trend of Liberty Latin America divesting non-core assets in other regions?


























