Liberty Latin America to Establish New Operations Center in Panama City
February 4, 2019
DENVER, Colorado–(BUSINESS WIRE)–Liberty
Latin America Ltd. (“Liberty Latin America” or “the Company”)
(NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to
establish its new Operations Center in Panama City, Panama. This center
will allow the Company to leverage its scale and expertise, and provide
future growth opportunities to its employees.
Betzalel Kenigsztein, COO of Liberty Latin America, said, “Selecting
Panama City as the location for our Operations Center reinforces our
strategy to drive operational efficiencies across our platform to
support our organic growth over the coming years. We look forward to
leveraging Panama’s economic stability and its profile as a logistics
hub in the region with great physical and digital connectivity to
continue to deliver innovative products and services to our customers.”
The Operations Center is expected to create more than 500 new jobs over
the next five years and will be established under Panama’s Multi
Headquarters (MHQ) platform, which provides significant financial,
immigration, and labor incentives for corporations.
The center is expected to be launched in late 2019.
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding our plans to establish a new operations
center, including timing and its location; our ability to leverage scale
and expertise related to this center; future growth opportunities for
our employees; expectations regarding future job placements; and other
information and statements that are not historical fact. These
forward-looking statements involve certain risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied by these statements. These risks and uncertainties include
factors that are outside of our control, including factors detailed from
time to time in Liberty Latin America’s filings with the Securities and
Exchange Commission, including its most recently filed Form 10-K and
Form 10-Q. These forward-looking statements speak only as of the date of
this release. Liberty Latin America expressly disclaims any obligation
or undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in
Liberty Latin America’s expectations with regard thereto or any change
in events, conditions or circumstances on which any such statement is
based.
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).
For more information, please visit www.lla.com.
Contacts
Investor Relations:
Kunal Patel
+1
786 274 7552
Media Relations:
Claudia
Restrepo
+1 786 218 0407