Liberty Latin America gets remaining 40% of Liberty Cablevision

Liberty Latin America Ltd. (NASDAQ: LILA and LILAK, OTC Link: LILAB) has announced that it has acquired the remaining 40% stake in Liberty Cablevision of Puerto Rico from funds affiliated with Searchlight Capital Partners, L.P. in exchange for 9,500,000 Liberty Latin America Class C shares (LILAK), the company said.

Following the acquisition, Liberty Latin America owns 100% of Liberty Cablevision of Puerto Rico. The transaction is expected to be accretive on a free cash flow per share basis for LLA shareholders.

Liberty Latin America is a telecommunications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC and Cabletica. For more information, visit www.lla.com.

Searchlight is a global private investment firm with offices in New York, London and Toronto. Searchlight seeks to invest in businesses where their long-term capital and strategic support accelerate value creation for all stakeholders. For more information, visit www.searchlightcap.com.