Liberty Latin America Confirms Discussions with Millicom

DENVER, Colorado–(BUSINESS WIRE)–Liberty
Latin America Ltd. (“Liberty Latin America” or “the Company”)
(NASDAQ: LILA and LILAK, OTC Link: LILAB) notes the statement issued
today by Millicom International Cellular S.A. (“Millicom”) and confirms
that it has submitted a preliminary, highly-conditional, non-binding
proposal regarding a possible transaction. There can be no assurance
that any transaction will proceed or what the deal terms would be.

Liberty Latin America’s Board regularly evaluates all options to serve
the best interests of the Company and its shareholders and will continue
to do so. We do not intend to make any further comment until such time
as a definitive decision has been made.

About Liberty Latin America

Liberty Latin America is a leading telecommunications company operating
in over 20 countries across Latin America and the Caribbean under the
consumer brands VTR, Flow, Liberty, Más Móvil, BTC and Cabletica. The
communications and entertainment services that we offer to our
residential and business customers in the region include digital video,
broadband internet, telephony and mobile services. Our business products
and services include enterprise-grade connectivity, data center, hosting
and managed solutions, as well as information technology solutions with
customers ranging from small and medium enterprises to international
companies and governmental agencies. In addition, Liberty Latin America
operates a sub-sea and terrestrial fiber optic cable network that
connects over 40 markets in the region.

Liberty Latin America has three separate classes of common shares, which
are traded on the NASDAQ Global Select Market under the symbols “LILA”
(Class A) and “LILAK” (Class C), and on the OTC link under the symbol
“LILAB” (Class B).

Contacts

Liberty Latin America
Investor
Relations:
Kunal Patel, +1 786 274 7552
or
Media
Relations:
Claudia Restrepo, +1 786 218 0407