News Releases

Liberty Latin America Completes Combination of VTR and Claro Chile


Deal Description:  On October 6, Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) announced the completion of its previously announced agreement with América Móvil S.A.B. de C.V. (“América Móvil” or “AMX”) (BMV: AMX, NYSE: AMX and AMOV) to combine their respective Chilean operations, VTR and Claro Chile, forming a 50:50 joint venture.

The transaction combines the complementary operations of VTR, a leading provider of high-speed consumer fixed products, such as broadband and Pay TV services, where it connects close to 3 million subscribers nationwide, and Claro Chile, one of Chile’s leading telecommunications service providers with over 6.5 million mobile customers, to create a business with greater scale, product diversification, and a capital structure that will enable significant investment for fixed fiber footprint expansion and to be at the forefront of 5G mobile delivery.

Baker Botts acted as Liberty Latin America’s legal advisor.

The company’s press release can be found here.

Baker Botts Lawyers/Offices Involved:

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

Tax:Jon Lobb (Partner, Houston); Peter Farrell (Special Counsel, Washington, D.C.)

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

Employee Benefits: Gail Stewart (Partner, Houston); Gabriela Alvarez (Associate, Houston)

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