LILAK - Liberty Latin America Ltd.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
18.28
+0.07 (+0.36%)
At close: 4:00PM EDT
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Previous Close18.22
Open18.11
Bid14.31 x 1000
Ask18.56 x 3200
Day's Range17.96 - 18.34
52 Week Range13.96 - 21.93
Volume486,834
Avg. Volume799,200
Market Cap3.32B
Beta (3Y Monthly)1.76
PE Ratio (TTM)N/A
EPS (TTM)-2.33
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est21.00
Trade prices are not sourced from all markets
  • 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 Looks to Cut Debt With Puerto Rico, Virgin Islands Sale
    Bloomberg

    AT&T Looks to Cut Debt With Puerto Rico, Virgin Islands Sale

    (Bloomberg) -- AT&T Inc. agreed to sell its operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America Ltd. for $1.95 billion in cash, taking a step toward reducing debt amassed in one of 2018’s biggest merger deals.The Dallas-based telecom and media giant has been trying to strengthen its balance sheet since taking over Time Warner Inc. last year for $85 billion. “This transaction is a result of our ongoing strategic review of our balance sheet and assets to identify opportunities for monetization,” John Stephens, AT&T’s chief financial officer, said in a statement.AT&T was exploring the possible sale of the Puerto Rican operations over the summer, though it then expected to reap as much as $3 billion from the transaction, a person familiar with the matter told Bloomberg News.“Reports that we originally sought $3 billion for these assets are not accurate,” an AT&T spokeswoman said Wednesday. “That was never our expectation and that valuation wouldn’t have reflected the value of the assets or the market for such assets.”AT&T is under pressure from activist shareholder Elliott Management Corp., which last month started urging divestments of some assets and other management changes. The company had already sold its stake in the Hulu streaming service and its New York offices in the debt-reduction effort, reaping a total of $3.6 billion.What Bloomberg Intelligence Says“The sale of AT&T’s operations in Puerto Rico and the U.S. Virgin Islands will further relieve pressure on the company to delever and allow for the allocation of more free cash flow to share buybacks in 4Q.”John Butler, telecom analyst.Click here to read the research.In all, including Wednesday’s deal and cash-flow-management steps, AT&T said it has raised a net $11 billion this year, exceeding its goal of $6 billion to $8 billion. The company reports its third-quarter earnings Oct. 23 and has an investor day scheduled for Oct. 29 to offer an update on its WarnerMedia entertainment and media strategy.For Liberty Latin America, part of U.S. cable pioneer John Malone’s global empire, the deal furthers regional expansion ambitions. The AT&T assets in the sale include cellular, landline and internet businesses. Denver-based Liberty operates in more than 20 countries around Latin America and the Caribbean.AT&T said it plans stock buybacks in the fourth quarter, along with more debt cuts. The company’s shares were modestly higher in New York trading Wednesday, having gained 31% this year through Tuesday. Liberty Latin America’s class-A shares rose as much as 6.1% Wednesday.The Wall Street Journal reported on the coming sale earlier Wednesday.(Updates with AT&T statement on valuation in fourth paragraph.)\--With assistance from Scott Moritz.To contact the reporter on this story: John J. Edwards III in Boston at jedwardsiii1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards III, Timothy AnnettFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 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.

  • 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.

  • Business Wire

    Liberty Latin America Announces Acquisition of Remaining 12.5% of UTS

    Liberty Latin America Ltd. today announced it has completed the acquisition of the remaining 12.5% of United Telecommunication Services N.V.

  • 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.

  • Business Wire

    Liberty Latin America Announces Closing of $402.5 Million of 2.0% Convertible Senior Notes Due 2024

    ("Liberty Latin America") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced the closing of its previously announced offering of 2.0% Convertible Senior Notes due 2024 (the “Notes”), in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company sold $402.5 million aggregate principal amount of the Notes, including $52.5 million aggregate principal amount of the Notes sold pursuant to the initial purchasers’ exercise in full of their 13-day option to purchase additional Notes from Liberty Latin America in connection with the offering. The Notes are general unsecured senior obligations of Liberty Latin America, bear interest at a rate of 2.0% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2020, mature on July 15, 2024 (unless earlier repurchased, redeemed or converted), and are convertible into Liberty Latin America’s Class C common shares, cash, or a combination of the Class C common shares and cash, at Liberty Latin America’s election.

  • Business Wire

    Liberty Latin America Announces Pricing of $350 Million of 2.0% Convertible Senior Notes Due 2024

    ("Liberty Latin America") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced the pricing of $350 million aggregate principal amount of its 2.0% convertible Senior Notes due 2024 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Liberty Latin America has also granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $52.5 million aggregate principal amount of the Notes in connection with the offering. The Notes will be general unsecured senior obligations of Liberty Latin America, bear interest at a rate of 2.0% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2020, mature on July 15, 2024 (unless earlier repurchased, redeemed or converted), and be convertible into Liberty Latin America’s Class C common shares, cash, or a combination of shares and cash, at Liberty Latin America’s election.

  • Business Wire

    Liberty Latin America Announces Proposed Offering of $350 Million of Convertible Senior Notes Dues 2024

    ("Liberty Latin America") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that it intends to offer, subject to market and other conditions, $350 million aggregate principal amount of Convertible Senior Notes due 2024 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Liberty Latin America also intends to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $52.5 million aggregate principal amount of the Notes in connection with the offering. The Notes will be general unsecured senior obligations of Liberty Latin America, pay interest semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2020, mature on July 15, 2024 (unless earlier repurchased, redeemed or converted), and be convertible into Liberty Latin America’s Class C common shares, cash, or a combination of shares and cash, at Liberty Latin America’s election.

  • Kerry Scott to Lead Operations Center in Panama City
    Business Wire

    Kerry Scott to Lead Operations Center in Panama City

    ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that it has appointed Kerry Scott, Chief People Officer and SVP, to lead its Operations Center on site in Panama City, Panama. Balan Nair, President and CEO of Liberty Latin America, said, “Kerry has been a tremendous asset to my Executive Team since the establishment of our company in January 2018. As part of this move, Scott will maintain all of her current responsibilities, but will also be in charge of providing cultural leadership to the team located in the Operations Center and building upon Liberty Latin America’s already strong presence in Panama.

  • Liberty Latin America (LILA) Q1 2019 Earnings Call Transcript
    Motley Fool

    Liberty Latin America (LILA) Q1 2019 Earnings Call Transcript

    LILA earnings call for the period ending March 31, 2019.

  • Business Wire

    Liberty Latin America Reports First Quarter 2019 Results

    Rebased1 Revenue Growth of 4% to $943 million

  • Business Wire

    Liberty Latin America Schedules Investor Call for First Quarter 2019 Results

    Liberty Latin America Ltd. today announced plans to release its first quarter 2019 results on Tuesday, May 7, 2019 after NASDAQ market close.

  • 3 Best-Performing Warren Buffett Stocks So Far in 2019: Are They Buys Now?
    Motley Fool

    3 Best-Performing Warren Buffett Stocks So Far in 2019: Are They Buys Now?

    Hint: Berkshire Hathaway isn't one of them.

  • Business Wire

    Liberty Latin America to Acquire Controlling Stake in UTS

    DENVER, Colorado-- -- Acquisition increases C&W’s scale in Curaçao and expands footprint to St. Maarten, St. Martin, Bonaire, St. Barths, St. Eustatius and Saba Bringing innovation and world-class connectivity solutions to UTS customers Leveraging Liberty Latin America’s regional scale to drive synergies Liberty Latin America Ltd. , today announced that it has entered into a definitive agreement to ...

  • Liberty Latin America (LILA) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    Liberty Latin America (LILA) Q4 2018 Earnings Conference Call Transcript

    LILA earnings call for the period ending December 31, 2018.

  • Business Wire

    Liberty Latin America Reports Fiscal 2018 Results

    Rebased Revenue Growth of 2% to $3.7 billion

  • Business Wire

    Liberty Latin America Schedules Investor Call for Full-Year 2018 Results

    Liberty Latin America Ltd. today announced plans to release its full-year 2018 results on Wednesday, February 20, 2019 after NASDAQ market close.

  • Business Wire

    Liberty Latin America to Establish New Operations Center in Panama City

    Liberty Latin America Ltd. (“Liberty Latin America” or “the Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to establish its new Operations Center in Panama City, Panama. Betzalel Kenigsztein, COO of Liberty Latin America, said, “Selecting Panama City as the location for our Operations Center reinforces our strategy to drive operational efficiencies across our platform to support our organic growth over the coming years. The Operations Center is expected to create more than 500 new jobs over the next five years and will be established under Panama’s Multi Headquarters (MHQ) platform, which provides significant financial, immigration, and labor incentives for corporations.

  • Business Wire

    Liberty Latin America terminates discussions with Millicom

    Liberty Latin America Ltd. announced today that it has terminated conversations with Millicom International Cellular S.A.

  • Business Wire

    Liberty Latin America Settles Insurance Claims for Hurricanes Maria and Irma

    Total net third-party insurance proceeds of $108.5 million

  • Can the Cable Cowboy Wrangle the Debt for His Latest Deal?
    Bloomberg

    Can the Cable Cowboy Wrangle the Debt for His Latest Deal?

    The billionaire chairman of Liberty Global Plc. is engineering a takeover of Millicom International Cellular SA by Liberty Latin America Ltd., the unit that he spun out last year. While a bid looks a stretch at first glance given Liberty Latin America’s indebtedness, a closer examination shows the financing is just about feasible. Millicom is carrying significantly less debt than Liberty.