LILA News & Events

Liberty Latin America announced that an authorized committee of its Board of Directors declared a special dividend on each of its outstanding common shares. The special dividend consists of one share of newly issued 9.0% Fixed Rate Cumulative Perpetual Redeemable Series A Preference Shares, US $0.01 par value per share for every ten common shares held as of the record date having an initial liquidation price of $25 per Series A Preference Share, with cash to be paid in lieu of fractional shares. The distribution ratio for the Series A Preference Share dividend is equivalent to $2.50 in liquidation preference per Class A Common Share, Class B Common Share, and Class C Common Share, for an aggregate issuance of approximately $500 million aggregate liquidation preference. Holders of the Series A Preference Shares are entitled to receive quarterly cash dividends at a rate of 9.0% per annum on a cumulative basis, commencing on September 15, 2026, and thereafter on each dividend payment date, which is March 15, June 15, September 15, and December 15 of each year. The Series A Preference Shares will be non-voting, except in the limited circumstances as required by law or as set forth in the terms of the Series A Preference Shares. The Series A Preference Shares are expected to trade separately from the common shares on the Nasdaq Global Select Market under the symbol "LILAP" following the date of distribution. The distribution of the Series A Preference Shares is intended to be tax-free to shareholders in the United States and United Kingdom. As previously communicated, Liberty Latin America's Director Emeritus Dr. John C. Malone, Executive Chairman Mike Fries, and President and CEO Balan Nair, have each indicated their intention to be long-term holders of the Series A Preference Shares both directly and indirectly.

Liberty Latin America announced that Ignacio Roman has been appointed SVP, General Manager of Liberty Puerto Rico and USVI. A seasoned executive, Ignacio Roman previously held management positions across Europe and Latin America in companies such as Vodafone, Avantel S.A.S., and Digicel Group.

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.