Press Room

ARIAS ADVISED TELEFÓNICA IN THE SALE OF ITS OPERATIONS IN COSTA RICA, NICARAGUA AND PANAMA TO MILLICOM

February, 2019

Arias advised Telefónica, S.A. and Telefónica Centroamérica Inversiones, S.L., as selling companies, in the execution of the sale agreements of 100% of its operations in Costa Rica, Nicaragua and Panama in favor of Millicom International Cellular, S.A., sale which is valued at 1,650 million dollars. The closing of the transactions of the three operations are subject to the authorizations of the corresponding regulatory authorities.

Arias provided advice on the applicable legal and regulatory aspects required to make the sale, as well as support in the drafting of the transaction documentation. The teams of each jurisdiction led in Costa Rica by Andrey Dorado (partner) and Tracy Varela (associate), in Nicaragua by Ana Teresa Rizo (partner) and Rodrigo Ibarra (associate), and in Panama by María Cristina Fábrega (partner) and Mayrolis Parnther (associate), were made up of professionals from different practice areas (corporate, M&A, regulatory, intellectual property, competition and taxes) to effectively address the needs of this transaction.

The firm represented Telefónica, S.A. and Telefónica Centroamérica Inversiones, S.L. in the second phase of sales in the region, which began in January with the sale of operations in Guatemala and the execution of the sales agreement in El Salvador, with the support of specialized attorneys with a high focus on customer service.

Arias team involved in the transaction in Costa Rica, Nicaragua and Panama:

Regional Coordinators: Lilian Arias and Roberta Gallardo (partners from El Salvador), and Florencio Gramajo (associate from Guatemala)

PARTNERS:

Costa Rica:

  • Andrey Dorado (Country Coordinator)
  • Carlos Ubico
  • Carolina Flores

Nicaragua:

  • Ana Teresa Rizo (Country Coordinator)
  • Roger Pérez

Panama:

  • María Cristina Fábrega (Country Coordinator)
  • Siaska SSS Lorenzo

 ASSOCIATES:

Costa Rica:

  • Melania Dittel
  • Tracy Varela (Country Coordinator)
  • Alonso Miranda
  • Jorge Rodríguez
  • Ignacio Flores
  • Vivian Gazel
  • Sebastián Solano
  • Jimena Chinchilla
  • Irene Chaves
  • Estefanía Batalla
  • German Rojas

Nicaragua:

  • Rodrigo Ibarra (Country Coordinator)
  • Ivania Paguaga
  • Maryeling Guevara
  • Paola Gutierrez

Panama:

  • Mayrolis Parnther (Country Coordinator)
  • María Elena Moreno

PARALEGALS:

  • Costa Rica:
  •  Alberto Carrillo.
  • María Pía Calvo.

Nicaragua:

  • Leonardo Maldonado
  • Catalina Perez
  • Yara Aleman
  • Jeanette Franchini

Panamá:

  • Dominique González

Regional Support of:

EL SALVADOR

Associates:

  • Marcela Deras.
  • Fidel Márquez.
  • Roberto Bonilla.
  • Diego Meléndez.

Paralegal:

  • Adriana López.

GUATEMALA:

Associates:

  • Jorge Ordóñez

Paralegal:

  • Francisco Zuluaga

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