GCI Liberty invests $107 million in Liberty Latin America shares

GCI Liberty Inc. (NASDAQ: GLIBA, GLIBK) purchased approximately 61,000 shares of Liberty Latin America Ltd. Class A common stock and 12.3 million shares of Class C common stock from investment funds managed by Searchlight Capital Partners for approximately $107 million in cash in April 2026, according to a press release.

The transaction was based on the closing LILAK market price of $8.63 on April 1 and represents approximately 6% equity ownership in Liberty Latin America (NASDAQ: LILA, LILAK).

GCI Liberty announced it is in discussions with Dr. John C. Malone, Chairman of GCI Liberty's Board and Director Emeritus of Liberty Latin America, regarding the potential acquisition of additional equity interests in Liberty Latin America, including certain high-vote Class B common shares, in exchange for newly issued Series C common stock of GCI Liberty.

Dr. Malone beneficially owns approximately 27% voting interest and 7% economic interest in Liberty Latin America. He also beneficially owns 54% of the outstanding voting power of GCI Liberty and approximately 7% economic interest in the company.

Liberty Latin America operates as a communications company in over 20 countries across Latin America and the Caribbean under brands including BTC, Flow, Liberty, and Más Móvil. The company provides digital video, broadband internet, telephony, and mobile services to residential and business customers.

GCI Liberty operates through its wholly owned subsidiary GCI, which serves as Alaska's largest communications provider, and maintains interests in Liberty Latin America. GCI provides data, voice and managed services throughout Alaska, serving more than 200 communities.

You May Also Be Interested In

• CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'
• AMETEK secures $7.5 billion in credit facilities for Indicor acquisition
• Roku Said To Be In Sale Talks, Including Possible Media Tie-up - Bloomberg