LILA News & Events

GCI Liberty (GLIBA) announced that, following unexpected obstacles to completing a larger, more strategic transaction relating to Liberty Latin America (LILAK), Chairman of the Board, Dr. John C. Malone has determined to terminate discussions with GCI Liberty regarding any further acquisitions of his LLA interests and has offered to acquire GCI Liberty's 6% equity interest in LLA at the same price paid by GCI Liberty last month. The Board of Directors has accepted this offer. Dr. Malone states as follows: "My vision for GCI Liberty contemplates two distinct units - one built around stable, cash-generative operations, with declining capital intensity and an ability to return capital from its rapidly growing free cash flow, and another focused on long-term investment growth. While regulatory, tax, and structural complexities have complicated and delayed executing that framework fully, I continue to believe strongly in its merit. Given that I was unable to complete a larger transaction as originally contemplated, I have offered to purchase the LLA block at GCIL's cost. This demonstrates both my support for LLA, but also my belief in the concept of GCIL becoming two business units under one umbrella." Ron Duncan, President and CEO of GCI Liberty, states as follows: "We had been evaluating an investment in LLA that was predicated on obtaining both substantial ownership and a control position. When the Searchlight opportunity arose, it fit well with that larger, more strategic transaction, and we purchased those LLA shares in anticipation of our ability to complete the remainder of the plan. Unfortunately, we were unable to complete the execution of this broader transaction prior to the announcement of the Searchlight LLA acquisition, and, for a number of reasons, we have determined that it is not feasible to complete the remainder of the transaction. Accordingly, the board has accepted John's offer to purchase the Searchlight LLA shares from us at our cost of $8.63 per share, replenishing the $107m of cash on our balance sheet. We thank John for his support of our growth strategy, and we will continue to seek opportunities that maximize shareholder value as we transform into Liberty Capital."

GCI Liberty (GLIBA) and Liberty Latin America (LILAK) announced that, in April 2026, GCIL purchased approximately 61,000 shares of LLA Class A common stock and 12.3 million shares of LLA Class C common stock from investment funds managed by Searchlight Capital Partners for approximately $107 million in cash, which was based on the closing LILAK market price of $8.63 on April 1. These shares represent an approximate 6% equity ownership in Liberty Latin America. GCIL also announced that it is currently in good faith discussions with Dr. John C. Malone, Chairman of the Board of GCI Liberty and Director Emeritus of Liberty Latin America, with respect to GCIL's potential acquisition of additional equity interests in LLA, including certain high-vote LLA Class B common shares, in exchange for newly issued shares of Series C common stock of GCIL. "I am excited about the opportunity that GCI Liberty's investment in LLA presents and the prospects for LLA going forward given its strong market positions across a unique set of assets. Ron and the GCIL team share my confidence in Balan and LLA management to drive continued business performance and meaningful free cash flow growth for shareholders," said Dr. Malone.

Liberty Latin America (LILA) announced a five-year strategic collaboration agreement with Amazon (AMZN) Web Services to help customers across Latin America and the Caribbean accelerate cloud transformation, AI adoption, and IT modernization while meeting stringent data residency, sovereignty, and regulatory compliance requirements. The partnership creates a foundation for innovation across telecommunications, media, and enterprise services throughout the region. The strategic collaboration agreement includes three key components designed to support both Liberty Latin America's internal transformation and enhanced B2B service offerings for enterprise customers.

Liberty Latin America (LILA) and Millicom (TIGO) confirm that Costa Rica's Board of Telecommunications Superintendency, or SUTEL, has issued its final resolution with a decision not to approve the proposed transaction to combine the companies' respective operations in Costa Rica. The companies said, "The companies remain convinced that the transaction would have enabled greater technology investment, strengthened market competitiveness, and accelerated the expansion of next-generation networks, directly benefiting users and Costa Rica's digital ecosystem. The outcome was unexpected as both parties maintained an open and ongoing dialogue with SUTEL throughout the review process and developed a comprehensive set of commitments that the companies firmly believe addressed any potential concerns. The companies respectfully disagree with the regulator's decision. Following the regulatory decision, both parties are working together on next steps per the terms of the combination agreement."