Liberty Latin America Ltd. (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has entered into a definitive agreement to acquire Telefónica S.A.’s wireless operations in Costa Rica, one of Costa Rica’s largest mobile service providers. The all-cash transaction values Telefónica Costa Rica at an enterprise value of $500 million on a cash- and debt-free basis.

Baker Botts L.L.P. represented Liberty Latin America in the transaction.

Baker Botts Lawyers/Office Involved:

Corporate: Jonathan Gordon (Partner, New York); Nicole Perez (Partner, New York); John Kaercher (Partner, Austin); Justin Blass (Associate, New York); Carlos Marquez (Associate, Washington)

Tax: Jon Lobb (Partner, Houston); Peter Farrell (Senior Associate, Washington)

Employee Benefits/Labor: Gail Stewart (Partner, Houston); Krisa Benskin (Special Counsel, Houston)

Finance: Robert Wann (Partner, New York); Chad Davis (Senior Associate, New York)

Antitrust/Regulatory: Paul Cuomo (Partner, Washington); David Cardwell (Counsel, Brussels)

Litigation: Rich Harper (Partner, New York); Amy Pharr Hefley (Partner, Houston); Tom O’Brien (Partner, Dallas)

For more information, please see Liberty Latin America’s news release by clicking here.

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