Liberty Latin America set for independent life from end of year

Liberty Global’s Latin American and Caribbean arm is to become an independent company – Liberty Latin America – with shares trading on the NASDAQ Global Select Market from January 2. The ‘record date’ for the split-off has been set for December 26, with distribution of common shares to take place on December 29. Holders of […]

Liberty Global reaches 7.2m next-gen TV customers

Liberty Global added 302,000 subscribers to its next generation TV platforms in Europe during Q2, as it reduced its total video customer losses year-on-year. Announcing its second quarter and first half results, Liberty said that its next-generation TV subscriber base has now reached 7.2 million across its Horizon TV, Horizon-Lite, TiVo, Virgin TV V6 and […]

Liberty Global confirms Reid as C&W CEO

Liberty Global has confirmed John Reid as CEO of its recently-acquired Caribbean unit Cable & Wireless Communications. Reid, who is currently interim CEO of the unit, was previously president of C&W’s consumer division. Prior to that, he was president and chief operating officer at Columbus Communications, which merged with C&W in 2015. Reid, who also […]

Liberty Global closes Cable & Wireless Communications acquisition

Liberty Global has completed the acquisition of Caribbean operator Cable & Wireless Communications, combining it with its existing LiLAC group to create what the company describes as the leading TV, broadband and telecoms firm in Latin America and the Caribbean. The integration of Cable & Wireless Communications means that LiLAC now serves 10 million video, […]

Liberty Global to put CWC share plan to the vote

Liberty Global will put its plan to issue new shares as part of its acquisition of Cable & Wireless Communications (CWC) to shareholders at the company’s general meeting of shareholders on April 20. Liberty Global agreed to buy CWC, which operates networks in the Caribbean, for £3.5 billion (€4.5 billion) in November last year. The […]

Liberty Global to buy Cable & Wireless for €5bn

Liberty Global has agreed to buy Cable & Wireless Communications (CWC) for £3.5 billion (€5.0 billion) in a “watershed” move to expand its presence in the Caribbean and Latin America. Liberty has agreed to buy all outstanding shares in CWC and combine it with its LiLAC operations – Liberty’s LatAm and Carribean assets that already comprise Chilian operator […]

Liberty distributes LiLAC stock for LatAm operations

Liberty Global has distributed tracking stock for its operations in Latin America and the Caribbean – the LiLAC Group – as part of its plans to spin off these assets. Liberty completed distribution of the LiLAC stock to shareholders yesterday, with these new ordinary shares to begin regular trading today on the NASDAQ and the […]

Liberty Global to distribute Lat Am tracking shares on July 1

Liberty Global is to implement the distribution of its LiLAC tracking stock on July 1, marking a key milestone in its plan to spin off its Latin American and Caribbean assets.  At the close of trading on July 1, the operator will distribute one share of the corresponding class of LiLAC Group ordinary shares for […]

Liberty Global to put LiLAC spin-off to vote this month

Liberty Global’s spin-off of its Latin American and Caribbean assets with the creation of a tracking stock is a “good deal for investors” that will “give investors a choice…to decide where they want to invest”, according to president and CEO Mike Fries. Fries, speaking on an analyst call after Liberty Global’s full-year results at the […]

Liberty Global gives birth to LiLAC with Puerto Rico acquisition

Liberty Global has teamed up with private equity group Searchlight Capital Partners to acquire 100% control of the parent company of Puerto Rico Cable Acquisition Company, also know as Choice Cable TV, the second largest cable and broadband player on the island.  Choice’s operations will be combined with Liberty Global’s existing asset, Liberty Cablevision of […]