M&A Deal Summary

Liberty Latin America Acquires AT&T - Wireless & Wireline Operations

On October 9, 2019, Liberty Latin America acquired communications company AT&T - Wireless & Wireline Operations from AT&T for 2.0B USD

Acquisition Highlights
  • This is Liberty Latin America’s 3rd transaction in the Communications sector.
  • This is Liberty Latin America’s largest (disclosed) transaction.
  • This is Liberty Latin America’s 1st transaction in the United States.
  • This is Liberty Latin America’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-10-09
Target AT&T - Wireless & Wireline Operations
Sector Communications
Buyer(s) Liberty Latin America
Sellers(s) AT&T
Deal Type Divestiture
Deal Value 2.0B USD

Target

AT&T - Wireless & Wireline Operations

Dallas, Texas, United States
AT&T, Inc. - Wireless & Wireline Operations provides consumer mobile and B2B services in Puerto Rico and the U.S. Virgin Islands, excluding DIRECTV customers.

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Buyer(S) 1

Buyer

Liberty Latin America

Hamilton, Bermuda
Category Company
Founded 2017
Sector Communications
Employees10,600
Revenue 4.5B USD (2023)
DESCRIPTION

Liberty Latin America, together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. Liberty Latin America was founded in 2017 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 4
Sector (Communications) 3 of 4
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 United Telecommunication Services N.V.

Willemstad, Netherlands

United Telecommunication Services N.V. owns and operates multiple media and telecommunication businesses that serve a highly diversified group of people with different cultures, languages, religions, ethnicities and traditions. United Telecommunication Services N.V. was founded in 1999 and is based in Willemstad, Curaçao.

Buy $189M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Cable & Wireless

Victoria, Madagascar

Cable & Wireless (Seychelles) Ltd. is a telecommunications company in Seychelles. Cable & Wireless (Seychelles) Ltd. offering includes a full range of communications and entertainment services such as IPTV, broadband internet, telephony and mobile for residential and business customers. CWS also provides tailored solutions supported by an ongoing commitment to quality, value and the best customer experience.

Sell $104M

Seller(S) 1

SELLER

AT&T

Dallas, Texas, United States
Category Company
Founded 1983
Sector Communications
Employees148,290
Revenue 122.4B USD (2023)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 14 of 24
Sector (Communications) 8 of 11
Type (Divestiture) 10 of 20
State (Texas) 3 of 5
Country (United States) 13 of 21
Year (2019) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 AT&T - Data Center Colocation Operations

Dallas, Texas, United States

AT&T, Inc. - Data Center Colocation Operations is a provider of data center colocation services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Quickplay Media

Toronto, Ontario, Canada

Quickplay Media Co. is a cloud-based mobile video platform that allows pay-TV operators, wireless carriers, and content providers to outsource the collection, storage, manipulation, and delivery of audio and video content to IP-connected devices such as smartphones and tablets. QuickPlay was formed in 2004 and is based in Toronto, Ontario.

Sell -
Mergr

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Company

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