Deal Description: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that its 49%-owned subsidiary Cable & Wireless Panamá S.A. (“Cable & Wireless Panamá” or “Más Móvil”), has agreed to acquire América Móvil S.A.B. de C.V.’s (“AMX”) operations in Panama (“Claro Panamá”).

The acquisition by Liberty Latin America is subject to certain customary closing conditions and is expected to close in the first half of 2022.

Baker Botts acted as legal advisor to Liberty Latin America.

The company’s press release can be found here.

Baker Botts Lawyers/Office Involved:

Corporate: Jonathan Gordon (Partner, New York), Jim Marshall (Partner, Houston), Grace Matthews (Senior Associate, Austin), Carlos Marquez (Associate, Washington, D.C.), Charlie Gili (Associate, New York)

Tax: Jon Lobb (Partner, Houston), Peter Farrell (Senior Associate, Washington, D.C.)

Antitrust: Paul Cuomo (Partner, Washington, D.C.), Matt Adler (Senior Associate, Washington, D.C.)

Employee Benefits: Krisa Benskin (Special Counsel, Houston), Gabriela Alvarez (Associate, Houston)

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