Liberty Latin America completes split-off | Major Businesses | Business
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Liberty Latin America has completed its previously announced split-off from Liberty Global and is now an independent, publicly-traded company.

lilac liberty global 14 decemer 2017The company currently has operations in Chile, Puerto Rico, the Caribbean and other LATAM territories.

Following the completion of the split-off, Liberty Latin America Class A and Class C common shares are now trading on the NASDAQ Global Select Market, while the Class B common shares are quoted on the OTC Markets.

Mike Fries, executive chairman of Liberty Latin America and CEO of Liberty Global, commented: “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. As Liberty Latin America charts its own course going forward, it will continue to benefit from its Liberty Global heritage and will have access to key shared services and expertise across products, technology, procurement and more.”

The newly-formed telco has 6.4 million homes passed, serving 5.3 million revenues generating units (RGUs) and 3.7 million mobile customers. With annual revenue of $3.7 billion, it manages several businesses, including Chile’s VTR, Cable & Wireless and Cablevisión Puerto Rico.

Balan Nair, president and CEO of Liberty Latin America, added: “Today marks an important milestone for Liberty Latin America as we begin the path forward as an independent company focused squarely on the region. In a region that is currently served by a highly fragmented range of operators and with customer penetration rates roughly half of more mature markets, we see significant prospects for long-term growth.”