Liberty Latin America to Pay Fine for Foreign Ownership Violation
Liberty Latin America (LLA) will pay a $24,000 fine for violating the 25% cap on foreign ownership of holders of common carrier radio station licenses, the FCC Enforcement Bureau said Friday. Bermuda-based LLA provides broadband, video, mobile and telephony services…
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in Puerto Rico, the U.S. Virgin Islands and across the Caribbean and Latin America. The bureau said it discovered a discrepancy between the amount of foreign ownership the FCC approved for LLA and the actual ownership interest of LLA subsidiary LiLAC Ventures.