LILAK - Liberty Latin America Ltd.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
17.66
-0.04 (-0.23%)
At close: 4:00PM EST
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Previous Close17.70
Open17.47
Bid17.64 x 1100
Ask20.00 x 1300
Day's Range17.47 - 17.79
52 Week Range13.96 - 21.93
Volume562,585
Avg. Volume569,684
Market Cap3.211B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-1.97
Earnings DateNov 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est21.00
  • Moody's

    Telenet Finance Luxembourg Notes S.a r.l. -- Moody's announces completion of a periodic review of ratings of Telenet Group Holding NV

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telenet Group Holding NV and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Business Wire

    Liberty Latin America Reports Q3 and YTD 2019 Results

    Continued Subscriber Momentum; 80,000 Additions in Q3, over 270,000 YTD

  • Business Wire

    Liberty Latin America Announces Sale of Cable & Wireless Seychelles

    DENVER, Colorado-- -- Divests from only remaining asset outside the Caribbean and Latin America region Liberty Latin America Ltd . today 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. The net proceeds from the sale are ...

  • Liberty Latin America Reinforces Commitment to Panama City
    Business Wire

    Liberty Latin America Reinforces Commitment to Panama City

    ("Liberty Latin America" or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that Chief Operating Officer, Betzalel Kenigsztein, will relocate from Denver to Panama City further demonstrating a commitment to building a scalable Operations Center firmly in the heart of Latin America. The announcement came while Panama was host to the Liberty Latin America Board of Directors and Management team earlier this week. Balan Nair, President and CEO of Liberty Latin America, said, “Earlier this year we announced the creation of an Operations Center in Panama that would be vital to the future of our business.

  • Moody's

    UPC Financing Partnership -- Moody's confirms UPC's Ba3 CFR, closes the review for upgrade, and changes the outlook to negative

    Moody's Investors Service ("Moody's") has today confirmed UPC Holding B.V.'s (UPC or the company) Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR) as well as the Ba3 ratings on the senior secured debt issued by UPC's finance subsidiaries and the B2 ratings on the senior unsecured debt raised by UPC. On 22 October 2019, Sunrise Communications Group AG (Sunrise, Ba2 stable) announced that it had entered into a further amendment to the share purchase agreement in which Liberty Global plc (Liberty Global, Ba3 stable) has consented to the cancellation of the Extraordinary General Meeting (EGM) scheduled for 23 October 2019.

  • AT&T Defuses Elliott’s Activist Push With Three-Year Plan
    Bloomberg

    AT&T Defuses Elliott’s Activist Push With Three-Year Plan

    (Bloomberg) -- AT&T Inc. damped the fires of Elliott Management Corp.’s activist pressure campaign, unveiling a three-year plan under which the phone giant will add two board seats and separate its chairman and chief executive officer roles.AT&T on Monday pledged to make no more major acquisitions soon, answering Elliott’s concern about the multibillion-dollar purchases of Time Warner and DirecTV. Randall Stephenson, 59, the architect of AT&T’s media acquisition strategy, will stay on as chairman and CEO through at least 2020, and the company will split the roles after he eventually leaves.The resolution with Elliott, which now holds a $3.4 billion stake in the company, removes a distraction for AT&T before it introduces a splashy new streaming-video service to challenge Netflix Inc.’s dominance. The company plans to unveil more details about the spring launch of HBO Max at an event Tuesday.“You’ve got to give credit to AT&T for quickly and proactively working with Elliott,” said Kevin Roe, an analyst with Roe Equity Research LLC. “It is reassuring to see Stephenson committing to the CEO role through at least 2020, and the long-term guidance is long overdue and extremely helpful to investors.”As part of the three-year financial plan, AT&T said it will book annual revenue growth between 1% and 2%, increase its dividend as a percentage of cash flow, and pay off debt to reach a leverage ratio between 2 and 2.25 in 2022. It committed to reaching earnings of $4.50 to $4.80 a share by 2022, compared with analysts’ current estimate of $3.39 a share for that year.“We commend AT&T for the positive steps announced today, which will create substantial and enduring shareholder value at one of America’s greatest companies,” Elliott partner Jesse Cohn and portfolio manager Marc Steinberg said in a statement. “It is clear to us that AT&T is committed to and accountable for creating shareholder value over the near and long term.”While Elliott said it’s supportive of AT&T’s strategy, there’s isn’t a standstill agreement that typically comes with a formal accord. That will allow Elliott to continue to agitate at the company if it doesn’t like the direction AT&T takes.AT&T also said it expects its asset sales this year to total $14 billion by the end of December. The company agreed earlier this month to sell its operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America Ltd. for $1.95 billion in cash.Seeking ReformsDallas-based AT&T and Elliott have been holding talks since the New York investor group announced about five weeks ago that it had acquired a $3.2 billion stake in AT&T and was seeking reforms aimed at getting the stock moving.AT&T gained as much as 5.3% in New York trading Monday. The stock is now up 35% this year, compared with the S&P 500 Index’s 21% increase.The company also reported third-quarter results Monday, missing analysts’ expectations for subscriber growth and revenue. With a net loss of 1.2 million TV subscribers in the third quarter, AT&T has now shed about 3.7 million video customers since the slide began five quarters ago.AT&T lost 217,000 regular monthly wireless subscribers in the period. Analysts expected a loss of 60,000.(Updates shares in 10th paragraph.)\--With assistance from Scott Deveau.To contact the reporter on this story: Scott Moritz in New York at smoritz6@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Ziggo Financing Partnership -- Moody's assigns B2 rating to VodafoneZiggo's Vendor Financing Notes; Negative Outlook

    Moody's Investors Service ("Moody's") has today assigned a B2 rating to VZ Vendor Financing B.V.'s proposed EUR500 million worth of senior unsecured vendor financing notes (VFNs) due 2024. The outlook on the rating is negative. All other ratings of the VodafoneZiggo Group B.V. (VodafoneZiggo) remain unchanged.

  • Moody's

    Virgin Media Designated Activity Company II -- Moody's changes the outlook on Virgin Media's Receivable Financing Notes to negative from stable

    Moody's Investors Service ("Moody's"), has today changed the outlook to negative from stable on Virgin Media Designated Activity Company and Virgin Media Designated Activity Company II. "The rating action reflects the change of outlook to negative from stable for Virgin Media Inc. (VMED)", says Sebastien Cieniewski, Moody's lead analyst for VMED. Virgin Media Designated Activity Company and Virgin Media Designated Activity Company II (together "the SPVs") are the issuers of the Receivables Financing Notes (RFNs).

  • Is Liberty Global PLC LiLAC Class A (LILA) A Good Stock To Buy ?
    Insider Monkey

    Is Liberty Global PLC LiLAC Class A (LILA) A Good Stock To Buy ?

    At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]

  • Here’s What Hedge Funds Think About LiLAC Group (LILAK)
    Insider Monkey

    Here’s What Hedge Funds Think About LiLAC Group (LILAK)

    Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]

  • Business Wire

    Liberty Latin America Schedules Investor Call for Third Quarter 2019 Results

    Liberty Latin America Ltd. today announced plans to release its third quarter 2019 results on Tuesday, November 5, 2019 after NASDAQ market close.

  • John Malone’s $6.4 Billion UPC Sale Unravels
    Bloomberg

    John Malone’s $6.4 Billion UPC Sale Unravels

    (Bloomberg) -- Billionaire cable mogul John Malone’s plan for a $6.4 billion sale of UPC Switzerland fell apart after would-be purchaser Sunrise Communications AG concluded its shareholders won’t support the move.Sunrise Chief Executive Officer Olaf Swantee said Tuesday in an interview that the deal was “dead.” The company had earlier called off a shareholder vote scheduled for Wednesday on a rights offering to fund the purchase. UPC parent Liberty Global Plc has yet to say it has walked away.Liberty Global Chairman Malone had agreed in February to sell the unit, raising the prospect that he would rake in a heftier cash pile to support a range of activities, including potential shareholder payouts and acquisitions in western Europe. But Freenet AG, Sunrise’s biggest investor, railed against the purchase price and an influential proxy advisor came out against the deal, wiping out the possibility of success.This is the second setback this year for the man who sold cable provider Tele-Communications Inc. to AT&T Inc. for $48 billion in 1999 -- his attempted purchase of Millicom International Cellular SA fell apart in January on price concerns. Liberty Global shareholders may also need to recalibrate their expectations for the prices they can expect for future transactions.“Malone’s not had many failures in his career and this is a reputational setback if nothing else,” said Mirabaud analyst Neil Campling. “Liberty Global may have to reset some of its ambitions around the values it can achieve for future M&A.”The transaction, which would have created a bigger player to compete against Swisscom AG, valued UPC at 10 times adjusted earnings before interest, taxation, depreciation and amortization. Sunrise had agreed to finance the deal through a mix of debt and about 4.1 billion Swiss francs ($4.2 billion) raised from a rights issue. Freenet balked at this mix. Eventually the rights issue was cut to 2.8 billion Swiss francs, and last week Liberty Global pledged as much as 500 million francs to support the capital increase.These changes weren’t enough to earn the approval of proxy advisor Institutional Shareholder Services, which said a fair value range for UPC was 4.6 billion Swiss francs to 5.2 billion Swiss francs.Examining OptionsLiberty Global is still examining its options within the current share purchase agreement, said a spokesman for the company. That agreement expires Feb. 27.An attempt by Liberty Latin America to take over Millicom for $7.6 billion in cash and stock fell through after the target’s executives were said to have demanded changes to the terms of the transaction, including a higher premium and cash component. The unwinding of the Swiss effort -- Freenet CEO Christoph Vilanek said in a phone interview Tuesday that there’s no way to rescue it -- sends a signal to European companies considering participating in industry consolidation.An end to the deal “probably tells telecom management in Europe that paying a 10 to 12 times Ebitda multiple on a transaction isn’t getting support from investors,” Stephane Beyazian, analyst at Mainfirst, said Monday.Sunrise shares rose as much as 4.6%, the most since Jan. 3, while Liberty Global’s Class A shares sank as much as 5.5% in early New York trading, the biggest drop since May. Standalone StrategySwantee said Sunrise has no immediate plans to consider alternative acquisitions, and the company will revert to its standalone strategy, “which fortunately has been working well.”He said earlier this month that a management shake-up at the Swiss company was likely if the deal doesn’t go through. When asked Tuesday if he would quit, he said “our priority now is to stabilize the company.”Swantee will have to do so in a competitive environment that has Swiss carriers locked in an aggressive discounting war. The UPC purchase would have eased pricing pressure by reducing the number of players.“The cancellation is a consistent step given the shareholder resistance, but also a missed opportunity to consolidate the Swiss telecom market,” said Mark Diethelm, analyst at Vontobel Securities.Liberty Global is not short of cash - it will still have about $9 billion in proceeds from sales of businesses to Vodafone Group Plc and Deutsche Telekom AG, said Pivotal Research analyst Jeff Wlodarczak.Tuesday’s outcome may complicate other potential deals at London-based Liberty Global, such as acquisitions involving partially-owned Belgian unit Telenet or a Dutch joint venture with Vodafone.Telefonica SA’s British mobile-only company O2 has long been speculated as a neat fit for the fixed-line-only network at Virgin Media, which now makes up the majority of Liberty Global’s sales. Meanwhile, Liberty executives are preparing to spend money extending their U.K. broadband reach in a land-grab against BT Group Plc.UPC Switzerland has been Liberty Global’s worst-performing unit, and Malone could attempt to find another partner -- Salt, the mobile operator controlled by French billionaire Xavier Niel, is a potential candidate.“It seems to us that an absence of compromise and trust sank this deal,” Berenberg analyst Usman Ghazi wrote in a note. “Liberty Global was unwilling to address the legitimate grievances of Sunrise shareholders. Those who intended to vote against it were merely saying that the merger need not be pursued at any price, and this was a judgment call that we sympathized with.”(Updates with Liberty Global shares)\--With assistance from Stefan Nicola.To contact the reporters on this story: Albertina Torsoli in Geneva at atorsoli@bloomberg.net;Thomas Seal in London at tseal@bloomberg.netTo contact the editors responsible for this story: Rebecca Penty at rpenty@bloomberg.net, Anne PollakFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Unitymedia Hessen GmbH & Co. KG -- Moody's withdraws Unitymedia's ratings due to insufficient information

    Moody's Investors Service ("Moody's") has today withdrawn Unitymedia GmbH's (Unitymedia or the company) B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR). Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

  • AT&T Union Says Elliott’s Proposals Could Affect 30,000 Jobs
    Bloomberg

    AT&T Union Says Elliott’s Proposals Could Affect 30,000 Jobs

    (Bloomberg) -- If activist shareholder Elliott Management Corp. has its way, more than 30,000 AT&T Inc. workers could lose their jobs or face reductions in wages, according to a new estimate from the Communications Workers of America union.Most of the impact on workers would come from divestitures of DirecTV and AT&T’s landline business and closures of the company’s retail locations, if the company follows Elliott’s suggestions, said the CWA, which represents more than 100,000 AT&T employees.In September, billionaire Paul Singer’s New York hedge fund disclosed a new $3.2 billion position in AT&T, along with a plan to boost the telecom and media giant’s share price by more than 50% through asset sales and cost cutting. The fund hasn’t specifically called for job cuts. AT&T has said it has no plans to dispose of DirecTV, but Elliott could potentially engage in a proxy battle to push its agenda through.“If Elliott doesn’t get their way, they are going to do a proxy fight on the board, and then any or all of these things could happen,” said Christopher Shelton, president of the CWA. “We can’t leave that to chance, because that’s 30,000 jobs.”The Teamsters Union said Wednesday that it “stands in solidarity” with the CWA and its members “as they fight back against plans by a vulture capitalist hedge fund that would harm the company’s workers.” The Teamsters represent 1.4 million people.Elliott and AT&T didn’t immediately respond to requests for comment.Among the potential cuts the CWA sees:DirecTV employs about 10,000 workers represented by the CWA and the International Brotherhood of Electrical Workers whose jobs could be at risk if AT&T decides to divest the business, said Nell Geiser, assistant director of research at the CWA. Some of these jobs are at call centers, while others include technicians who do home installations and tech support.The landline business is supported by about 11,000 people whose jobs may be at risk and who work in rural areas in 26 states, the CWA estimated.Were AT&T to match Verizon Communications Inc. in the number of branded stores operated by third-party dealers, rather than by the company, it would close 970 corporate locations, the CWA said. It might close some additional corporate outlets due to geographic redundancy. In total, these moves would eliminate more than 8,500 retail sales workers, according to the CWA.If AT&T sells its operations in Puerto Rico and the Virgin Islands to Liberty Latin America Ltd. as planned, that could affect about 900 union jobs, the CWA said.The estimates don’t include workers who aren’t yet part of a union, “such as the tens of thousands at WarnerMedia,” the CWA said.These estimates should be taken with a grain of salt. In September, AT&T said DirecTV isn’t for sale, for example. Earlier this month, presidential candidate Elizabeth Warren called on AT&T to reject Elliott’s proposal as it would result in loss of jobs.(Updates with Teamsters comment in fifth paragraph.)\--With assistance from Scott Deveau and Scott Moritz.To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards III, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • AT&T sells Puerto Rico and U.S. Virgin Island assets to Liberty Latam in $1.95 billion deal
    MarketWatch

    AT&T sells Puerto Rico and U.S. Virgin Island assets to Liberty Latam in $1.95 billion deal

    AT&T said Wednesday it is selling its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America, in a cash deal valued at $1.95 billion that will help the telecommunications and entertainment company pay down debt.

  • Why Is AT&T Stock Jumping Today?
    Market Realist

    Why Is AT&T Stock Jumping Today?

    AT&T; stock jumped today on the news that the wireless carrier plans to sell its Puerto Rico and US Virgin Islands operations to Liberty Latin America.

  • Barrons.com

    AT&T’s Latest Deal Puts It Closer to a Share Buyback

    The company said it is selling assets in the U.S. Virgin Islands and Puerto Rico for nearly $2 billion to Liberty Latin America.

  • MarketWatch

    AT&T selling Puerto Rico, U.S. Virgin Islands businesses to Liberty Latin America for $1.95 billion in cash

    AT&T Inc. said Wednesday that it will sell both its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America for $1.95 billion in cash. The companies expect the deal to close in the next six-to-nine months. The sale includes network assets, leases and real estate, 1.1 million wireless subscribers and contracts. About 1,300 AT&T employees will move over to Liberty Latin America when the deal closes. The sale doesn't impact AT&T's commitment to FirstNet, a network for public safety, DirecTV and some global business customer relationships. Liberty Latin America will support AT&T as it builds out its FirstNet network in Puerto Rico and the U.S Virgin Islands. "This transaction is a result of our ongoing strategic review of our balance sheet and assets to identify opportunities for monetization," said John Stephens, AT&T chief financial officer, in a statement. This deal brings the completed or announced monetization for this year to $11 billion. AT&T also said shareholders should expect buybacks to be "in the mix" in the fourth quarter. AT&T stock has gained 29.5% for the year to date while the S&P 500 index is up 15.4% for the period.

  • Reuters

    UPDATE 2-AT&T to sell certain assets in Puerto Rico, U.S. Virgin Islands for $1.95 bln

    AT&T Inc said on Wednesday it would sell its wireless and wireline operations in Puerto Rico and U.S. Virgin Islands to Liberty Latin America Ltd for $1.95 billion, as the second-largest U.S. wireless carrier cuts its huge debt pile. The deal comes as the company faces calls from activist investor Elliott Management to end its acquisition spree and focus on improving its business. "This transaction is a result of our ongoing strategic review of our balance sheet and assets to identify opportunities for monetization," Chief Financial Officer John Stephens said in a statement.

  • Business Wire

    Liberty Latin America to Acquire AT&T’s Operations in Puerto Rico & the U.S. Virgin Islands

    ("Liberty Latin America" or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has entered into a definitive agreement to acquire AT&T Inc.’s (AT&T) wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands (the “Acquisition Assets”). In the all-cash transaction, the Acquisition Assets are valued at an enterprise value of $1.95 billion on a cash- and debt-free basis.

  • Moody's

    Virgin Media Investment Holdings Ltd -- Moody's changes outlook on Virgin Media's ratings to negative

    Moody's Investors Service ("Moody's"), has today changed the outlook on Virgin Media Inc. ('VMED', or 'the company') ratings to negative from stable. At the same time, Moody's has affirmed VMED's Ba3 corporate family rating (CFR) and the Ba3-PD probability of default rating (PDR). Concurrently, the ratings agency also affirmed the ratings of the senior secured debt instruments issued at Virgin Media Secured Finance plc, Virgin Media Investment Holdings Ltd, Virgin Media Bristol LLC and Virgin Media SFA Finance Limited at Ba3 and of the senior unsecured bonds issued at Virgin Media Finance plc at B2.

  • Moody's

    DLG Acquisitions Limited -- Moody's announces completion of a periodic review of ratings of DLG Acquisitions Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of DLG Acquisitions Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Liberty Latin America (LILA) (LILAK) Q2 2019 Earnings Call Transcript
    Motley Fool

    Liberty Latin America (LILA) (LILAK) Q2 2019 Earnings Call Transcript

    LILA, LILAK earnings call for the period ending June 30, 2019.