Deal description: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) and Millicom International Cellular S.A. (“Millicom”) (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) today announced that the parties have entered into an agreement to combine the companies’ respective operations in Costa Rica. Under the terms of the all-stock agreement, Liberty Latin America and its minority partner in Costa Rica will hold an approximate 86% interest and Millicom 14% in the joint operations, with the final ownership percentage confirmed at closing.

Baker Botts acted as legal advisor to Liberty Latin America. More details on the transaction can be found here.

Corporate: Jonathan Gordon (Partner, New York), James Marshall (Partner, Houston), Jamie Yarbrough (Partner, Houston), Carlos Marquez (Senior Associate, Washington, D.C.), Nikolai Gryzunov (Associate, New York), Henry Klimowicz (Associate, New York), Charlie Gili (Associate, New York), Peter Frintzilas (Associate, New York).

Tax: Jon Lobb (Partner, Houston)

Antitrust: Matt Adler (Partner, Washington, D.C.)

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