Liberty Latin America Ltd. (NasdaqGS:LILA) signed an agreement to acquire DISH spectrum assets in Puerto Rico and the United States Virgin Islands from DISH Network L.L.C. for approximately $260 million on November 5, 2023. The aggregate asset purchase price of $256 million will be paid in four annual installments commencing on the closing date. Liberty Latin America expects to fund the transaction through local liquidity sources, including cash on hand, cash generated from operations, cash generated from asset sales, and/or revolving credit facilities.

The transaction is subject to certain customary closing conditions, including regulatory approvals, and is expected to close next year. Jonathan Gordon, Nicole Perez, James Marshall, Jon Lobb, Paul Cuomo, Taylor Owings, Matt Adler, Robin Melman, Paul Ragusa, Suzanne Hengl Baker Botts L.L.P. acted as legal advisors to Liberty Latin America Ltd. (NasdaqGS:LILA) in the transaction.