8-K
Liberty Latin America Ltd. (LILA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 26, 2020
LIBERTY LATIN AMERICA LTD.
(Exact Name of Registrant as Specified in Charter)
| Bermuda | 001-38335 | 98-1386359 |
|---|---|---|
| (State or other jurisdiction<br><br>of incorporation) | (Commission File Number) | (IRS Employer<br><br>Identification #) |
Clarendon House,
2 Church Street,
Hamilton HM 11, Bermuda
(Address of Principal Executive Office)
(303) 925-6000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Securities registered pursuant to Section 12(b) of the Act: | Title of Each Class | Trading Symbols | Name of Each Exchange on Which Registered |
|---|---|---|---|
| Class A Shares, par value $0.01 per share | LILA | The NASDAQ Stock Market LLC | |
| Class C Shares, par value $0.01 per share | LILAK | The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 7.01 Regulation FD Disclosure.
This Current Report on Form 8-K and the information contained in the Press Release attached hereto as Exhibit 99.1 are being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Exhibit Name |
|---|---|
| 99.1 | Press Release dated June 26, 2020. |
| 101.SCH | XBRL Inline Taxonomy Extension Schema Document. |
| 101.CAL | XBRL Inline Taxonomy Extension Calculation Linkbase Document. |
| 101.DEF | XBRL Inline Taxonomy Extension Definition Linkbase. |
| 101.LAB | XBRL Inline Taxonomy Extension Label Linkbase Document. |
| 101.PRE | XBRL Inline Taxonomy Extension Presentation Linkbase Document. |
| 104 | Cover Page Interactive Data File.* (formatted as Inline XBRL and contained in Exhibit 101) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIBERTY LATIN AMERICA LTD. | |
|---|---|
| By: | /s/ MICHAEL D. OLIVER |
| Michael D. Oliver | |
| Vice President, Global Financial Reporting |
Date: June 26, 2020
Exhibit
| Exhibit 99.1 |
|---|
ERICSSON TO TRANSFORM LIBERTY LATIN AMERICA MOBILE CORE NETWORK ACROSS THE REGION
Denver, Colorado - June 26, 2020: Ericsson is partnering with Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) in a major upgrade of its mobile core network and to accelerate its journey towards new technologies in the Caribbean and Latin America. The communications services provider has chosen Ericsson as its sole mobile core network vendor in a major network modernization drive.
The three-year deal will see Ericsson deploying state-of-the-art, virtualized and cloud-based mobile core network solutions to serve the regional Liberty Latin America market under a virtualized mobile core consolidation project. Deployment is expected to get underway in the second half of 2020 and will benefit LLA’s operations across the region.
By the end of this three-year project, Liberty Latin America’s mobile core networks will be fully virtualized, even more resilient, and prepared for future mobile technologies.
Vivek Khemka, Chief Technology and Product Officer, Liberty Latin America, says: “Current circumstances have shown the importance of resilient, high-speed networks. Deploying a new virtualized core network across the region will allow us to be ready for our customers’ changing needs. We continue to invest and modernize our network across the region to ensure better voice quality, higher data speeds, lower latency, data security and increased network resiliency, improving our customer experiences. The extension of our strategic partnership with Ericsson consolidates our commitment to the development of a new generation of services that will provide a greater experience for our customers in the region.”
Arun Bansal, President of Europe and Latin America, Ericsson, says: “We are incredibly pleased to be the sole partner working with Liberty Latin America on bringing our reliable core network to LLA’s markets. With our combined dedication to reliable networks and our forward-thinking strategies for the region, we are perfectly placed to bring the next generation of connectivity to the public. Working closely to modernize networks, we will not only be paving the way for technology shifts but ensuring a more sustainable and innovation driven future for the Caribbean and Latin America.”
MORE INFORMATION
ABOUT ERICSSON
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
Daniela Dib
External Communications, Latin America & Caribbean
daniela.dib.arguelles@ericsson.com
Phone: +52 1 (55) 4443 2611
ABOUT LIBERTY LATIN AMERICA
Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC, UTS 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 or contact:
Investor Relations: Media Relations:
Kunal Patel ir@lla.com Claudia Restrepo llacommunications@lla.com