Deal Description: On November 5, 2019, Liberty Latin America Ltd. ("Liberty Latin America") (NASDAQ: LILA and LILAK, OTC Link: LILAB), a leading telecommunications company operating in over 20 countries across Latin America and the Caribbean, announced it has sold its subsidiary Cable & Wireless Seychelles, to a consortium of local investors.
In the transaction, Cable & Wireless Seychelles is valued at an enterprise value of $104 million on a cash- and debt-free basis.
Cable & Wireless Seychelles provides a full range of communication and entertainment services including IPTV, broadband internet, telephony and mobile for residential and business customers across the 115- island country. As of June 30, 2019, Cable & Wireless Seychelles served a total of 23,500 fixed subscribers and 76,000 mobile subscribers.
A Cross Border Baker Botts team of New York, London and Houston based lawyers represented Liberty Latin America in the transaction.
Baker Botts Lawyers/Office Involved:
IP: Neil Coulson (Partner, London)
Tax: Jon Lobb (Partner, Houston)
For more information, please see Liberty Latin America’s news release by clicking here.
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the technology, energy, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.