Liberty Latin America announced yesterday it plans to establish its new operation center in Panama City. It is expected to be launched in late 2019. The company’s purpose is to leverage its scale and expertise and also to provide future growth opportunities to its employees.
Betzalel Kenigsztein, COO of Liberty Latin America, said that ‘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’.
Operations Center will be established under Panama’s Multi Headquarters (MHQ) platform, which provides significant financial, immigration, and labor incentives for corporations. It is also expected to create more than 500 new jobs over the next five years.