US$1.46 billion sale of 80 percent stake in Cable Onda to Millicom

Arias, Fábrega & Fábrega represented the shareholders of Cable Onda S.A., the leading provider of broadband internet, pay-TV, fixed telephony and B2B telecommunications services of Panama, in the sale of 80% of Cable Onda to Millicom LIH, S.A., the leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa.

ARIFA’s taxation legal group worked with the M&A team on the sell-side tax due diligence and the prior-to-the-transaction revision of the acquisition structuring.

The transaction valued Cable Onda at an enterprise value of US$1.46 billion dollars.