Liberty Latin America, Which Purchased AT&T's USVI and Puerto Rico Operations, Buys Broadband VI

Liberty Latin America, parent company of local Liberty Mobile USVI, announced Tuesday its agreement to acquire Broadband VI, a fixed wireless internet provider in the U.S. Virgin Islands.

The purchase, now pending regulatory approvals required in order to close, will bring about an enhancement to the position of the U.S. Virgin Islands as a technology hub, drive economic growth, expand tourism, and create jobs, Liberty said. The companies did not disclose the cost of the transaction.

“We continue our growth in the region, meeting our commitment to provide greater connectivity and socioeconomic development in the Virgin Islands. By bringing our two companies together, we will deploy the best fixed internet network and unite it with the best mobile network in the USVI, thus creating more value for customers in the territory,” said Naji Khoury, CEO of Liberty Mobile USVI.

Liberty in 2019 acquired the operations of AT&T in Puerto Rico and the U.S. Virgin Islands.

Broadband VI earlier this year won an $84.5 million federal bid to buildout phase 2 of the Connect USVI program, whose aim is to provide affordable voice and broadband services for 10-year periods with speeds of up to 1 gigabit per second downstream.

"Meeting the USVI’s growing need for resilient high-speed connectivity has been Broadband VI’s primary focus,” said Bill Neville, Broadband VI’s CEO. “Joining with Liberty accelerates this mission through added investment, new products and services, and will deliver a world-class broadband infrastructure that will foster job creation and bring new benefits to the territory.”

According to Khoury and Neville, Liberty and Broadband VI will work together along the way to ensure a smooth transition. Liberty will maintain Broadband VI’s labor force throughout the USVI.