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.
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