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GCI Liberty, Inc. Announces Equity Investment in Liberty Latin America

  • In April 2026, GCI Liberty purchased approximately 61,000 LLA Class A shares & 12.3 million LLA Class C shares from Searchlight Capital Partners for ~$107 million.
  • The transaction was based on the April 1 closing LILAK market price of $8.63 & represents an approximate 6% equity ownership in Liberty Latin America.
  • GCI Liberty is in good faith discussions with Dr. John C. Malone to potentially acquire additional LLA equity interests, including high-vote Class B shares, in exchange for newly issued Series C common stock of GCI Liberty.
  • Dr. Malone beneficially owns ~27% of LLA voting interests & 7% of economic interests, while holding 54% of GCIL's outstanding voting power & ~7% economic interest.
  • Executives from GCI Liberty, Liberty Latin America, & Dr. Malone expressed confidence in LLA's market positions, management team, & future growth prospects.
  • The press release includes standard forward-looking statement cautions regarding potential acquisitions, regulatory approvals, & business performance expectations.