{"id":3931,"date":"2019-10-10T08:45:41","date_gmt":"2019-10-10T12:45:41","guid":{"rendered":"https:\/\/dev2.worldscreen.com\/tvlatina\/worldscreen.com\/"},"modified":"2019-10-10T09:00:03","modified_gmt":"2019-10-10T13:00:03","slug":"liberty-latin-america-acquires-atts-business-in-puerto-rico","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvlatina\/liberty-latin-america-acquires-atts-business-in-puerto-rico\/","title":{"rendered":"Liberty Latin America Acquires AT&amp;T&#8217;s Business in Puerto Rico"},"content":{"rendered":"<p>Liberty Latin America has reached a deal to acquire AT&amp;T\u2019s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands for $1.95 billion in cash.<\/p>\n<p>Balan Nair, president and CEO of Liberty Latin America, commented, \u201cThis strategic and complementary acquisition is an exciting and unique opportunity to expand our business in one of our best markets. This acquisition is at an attractive valuation, in the mid-6s in terms of EV to OCF1\u00a0excluding synergies, and consistent with our disciplined approach towards M&amp;A. With this combination, we will achieve: in-market consolidation with significant associated synergies, expand our product portfolio with the leading post-paid mobile network, add a predominantly subscription-based business, increase our distribution channels on the island, increase our B2B presence and materially increase our U.S. dollar revenue weighting at LLA.\u201d<\/p>\n<p>He added, \u201cThe combination of AT&amp;T\u2019s leading mobile businesses with Liberty Puerto Rico\u2019s leading high-speed broadband and TV business will create a strong and competitive integrated communications player, with a combined annual revenue of over $1.2 billion\u00a0in Puerto Rico and $4.6 billion\u00a0across LLA. By continuing to invest in digital infrastructure, innovation, 5G networks and a friendly customer service experience, we are confident that this new combination will support our long-term growth profile and that this deal will be free cash flow accretive on a per-share basis.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liberty Latin America has reached a deal to acquire AT&amp;T\u2019s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands for $1.95 billion in cash.<\/p>\n","protected":false},"author":290,"featured_media":3932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[198,787],"class_list":["post-3931","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-att","tag-liberty-latin-america"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Liberty Latin America Acquires AT&amp;T&#039;s Business in Puerto Rico - 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