Liberty Global segregates its operations in Latin America and the Caribbean

The separation of Liberty Latin America will form an independent 'pure-play' telecommunications company focused on Latin America and the Caribbean with annual revenues of $3.7 billion.

Liberty Latin America, which has telecommunications operations in Chile, Puerto Rico, the Caribbean and other Latin American markets, has begun its separation from the international television and broadband company Liberty Global and its launch as an independent, publicly traded company.

Mike Fries, executive chairman of Liberty Latin America and CEO of Liberty Global, acknowledges that "the separation of Liberty Global from our operations in Latin America and the Caribbean will ensure that this new company has access to the capital and resources necessary to achieve superior financial and strategic growth. I have great confidence in Balan Nair's leadership, as well as the board of directors and management team we have put in place. As Liberty Latin America charts its own course in the future, it will continue to benefit from its Liberty Global heritage and will have access to key shared services and experience in products, technology, purchasing and more. The launch of Liberty Latin America is an exciting moment for all shareholders and a clear confirmation of the value creation opportunity in the Latin American and Caribbean region.”

Balan Nair, President and CEO of Liberty Latin America, commented that this transaction is "a tremendous opportunity to bring world-class technology, innovation and scalability to our operations, expand our network coverage and deploy exciting new service offerings for our residential and commercial customers. In a region currently served by a highly fragmented range of operators and with customer penetration rates of approximately half of the most mature markets, we see significant long-term growth prospects both organically and through mergers and acquisitions. strategic”.

The separation of Liberty Latin America will form an independent 'pure-play' telecommunications company focused on Latin America and the Caribbean with 4 million homes, 7 million mobile subscribers; and annual revenues of $3.7 billion.