Brief: Liberty Latin America Signs Agreement With Phoenix Tower International To Monetize Mobile Tower Assets

Liberty Latin America

10/11/2023 14:12

Nov 10 (Reuters) - Liberty Latin America Ltd  LILA.O :
    * LIBERTY LATIN AMERICA SIGNS AGREEMENT WITH PHOENIX TOWER
INTERNATIONAL TO MONETIZE MOBILE TOWER ASSETS
    * LIBERTY LATIN AMERICA LTD- DEAL UNLOCKS SIGNIFICANT VALUE
AT AN
ACCRETIVE CASH FLOW MULTIPLE WITH $355 MILLION OF EXPECTED
PROCEEDS
    * LIBERTY LATIN AMERICA LTD - NET PROCEEDS ARE EXPECTED TO
BE USED
TO REDUCE DEBT AND FURTHER INVEST IN COMPANY'S BUSINESSES
    * LIBERTY LATIN AMERICA- REACHED AGREEMENT WITH PHOENIX
TOWER
INTERNATIONAL TO MONETIZE ABOUT 1,300 MOBILE TOWER SITES ACROSS
PANAMA, JAMAICA, BAHAMAS
    * LIBERTY LATIN AMERICA-REACHED AGREEMENT WITH PHOENIX TOWER
INTERNATIONAL TO MONETIZE ABOUT 1,300 MOBILE TOWER SITES PUERTO
RICO, BARBADOS
    * LIBERTY LATIN AMERICA - REACHED AGREEMENT WITH PHOENIX
TOWER
INTERNATIONAL TO MONETIZE ABOUT 1,300 MOBILE TOWER SITES ACROSS
BRITISH VIRGIN ISLANDS
    * LIBERTY LATIN AMERICA LTD - INCLUSIVE OF COMMITMENTS TOTAL
PROCEEDS INCREASE TO $407 MILLION

Source text for Eikon:  ID:nBw495VMga 
Further company coverage:  LILA.O 

 ((Reuters.Briefs@thomsonreuters.com;))