Liberty Latin America completes split-off from Liberty Global

LibertyLA

Liberty Latin America, the telecommunications company with operations in Chile, Puerto Rico, the Caribbean and other parts of Latin America, announced the completion of its previously announced split-off from Liberty Global and its launch as an independent, publicly-traded company.
“The split-off of our Latin American and Caribbean operations from Liberty Global will ensure that this new company will have access to the capital and resources necessary to achieve superior financial and strategic growth”, said in a statement Mike Fries, Executive Chairman of Liberty Latin America and CEO of Liberty Global.
The split-off of Liberty Latin America forms a “pure-play” independent telecommunications company focused on Latin America and the Caribbean with 6.4 million homes passed, serving 5.3 million RGUs, 3.7 million mobile subscribers and annual revenues of 3.7 billion. Liberty Latin America’s businesses included VTR, Chile’s largest cable operator; Liberty Cablevision of Puerto Rico LLC, the largest cable operator in Puerto Rico (60% owned) and Cable & Wireless, the telecommunications company with operations in the Caribbean, Latin America and the Seychelles.