Liberty Latin America (NASDAQ:LILA) plans to establish its new operations center in Panama City, Panama.
Betzalel Kenigsztein, COO of Liberty Latin America, said: "Selecting Panama City as the location for our operations center reinforces our strategy to drive operational efficiencies across our platform to support our organic growth over the coming years. We look forward to leveraging Panama's economic stability and its profile as a logistics hub in the region with great physical and digital connectivity to continue to deliver innovative products and services to our customers."
The operations center is expected to create more than 500 new jobs over the next five years and will be established under Panama's Multi Headquarters (MHQ) platform, which provides financial, immigration, and labor incentives for corporations.
The center is expected to open in late 2019.