M&A
confidence high
sentiment positive
materiality 0.75
Liberty Latin America closes $255M acquisition of EchoStar spectrum and pre-paid subscribers in Puerto Rico/USVI
Liberty Latin America Ltd.
- Acquired over 100 MHz of spectrum and ~85,000 pre-paid mobile subscribers from EchoStar (SATS).
- Purchase price of $255 million paid in four annual installments; first $95 million installment paid at close.
- FCC approved transaction on August 9, 2024, citing likely public interest benefits and enhanced competition.
- Management highlights fixed-mobile convergence opportunity, currently ~25% penetration in the region.
- Expected funding through local liquidity sources including cash on hand and revolving credit facilities.