Liberty Latin Americas $104 Million Selling Of Cable & Wireless Seychelles’

Baker Botts represented Liberty Latin America.

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. Jonathan Gordon (Picture, New York), Derek Jones (London), Sarah Beaumont (London), Sonia Namutebi ((London) advised on corporate matters. Neil Coulson (London) advised on IP and Jon Lobb (Houston) on tax matters.

Involved fees earner: Sarah Beaumont – Baker Botts; Neil Coulson – Baker Botts; Jonathan Gordon – Baker Botts; Derek Jones – Baker Botts; Jon Lobb – Baker Botts; Sonia Namutebi – Baker Botts;

Law Firms: Baker Botts;

Clients: Liberty Latin America Ltd;


Author: Ambrogio Visconti