Latest news with #LibertyLatinAmerica
Reuters
2 days ago
- Business
- Reuters
America Movil restructures Chile business after Liberty Latin America buy-out
MEXICO CITY, July 28 (Reuters) - Mexican telecommunications giant America Movil ( opens new tab will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America (LILA.O), opens new tab. America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year. It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing.
Yahoo
2 days ago
- Business
- Yahoo
America Movil restructures Chile business after Liberty Latin America buy-out
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America. America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year. It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-07-2025
- Business
- Business Wire
LIBERTY LATIN AMERICA ANNOUNCES RETIREMENT OF EDUARDO DIAZ CORONA, SVP AND GENERAL MANAGER OF LIBERTY PUERTO RICO AND USVI
DENVER, Colorado--(BUSINESS WIRE)-- Liberty Latin America Ltd. ('Liberty Latin America' or the 'Company') (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that Eduardo Díaz-Corona, SVP and General Manager of the Company's operations in Puerto Rico and the U.S. Virgin Islands, has decided to retire at the end of July. Díaz-Corona joined Liberty Latin America in January 2024 and has stabilized the business after the transformation process following the transition of the acquired AT&T mobile operations. Balan Nair, President and CEO of Liberty Latin America, the parent company of Liberty Puerto Rico and USVI, said, 'I asked Eduardo to come out of retirement to bring his experience and expertise to help us navigate through our customer migration and bring a fresh perspective to our commercial operations. After getting us to this stage, Eduardo decided that it is time for him to step away and enjoy more time with his family. I am so grateful for all his contributions.' On the appointment of Ponce, Nair continued, 'With Eduardo's departure, I have asked Guillermo to step in as General Manager for our operations in Puerto Rico and the U.S. Virgin Islands on an interim basis. Guillermo is a proven leader and has tremendous commercial and operating experience having led multiple large businesses across Liberty Latin America's footprint. I have no doubt he will add significant value.' Eduardo commented, 'It has been an honor to serve in this role and be part of an amazing team that is enabling connectivity across Puerto Rico and the U.S. Virgin Islands. I'm incredibly proud of what we've accomplished together, the focus we have brought to putting our customers first, and the positive impact we've had on our communities. As I step away, I have full confidence in the bright future ahead for the business and that Liberty's best days are still to come.' 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 BTC, Flow, Liberty, and Más Móvil. 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 subsea and terrestrial fiber optic cable network that connects over 30 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
Yahoo
30-06-2025
- Business
- Yahoo
Hedge Fund Strategy Built on Catastrophes Taps a Hot New Trend
(Bloomberg) -- One of the most successful hedge fund strategies of recent years — insurance-linked securities — is latching on to an old idea whose popularity is suddenly soaring. Parametric insurance, where policyholders get quick payouts if weather-related metrics are met, used to be the preserve of small businesses and farmers in developing countries. Now, it's a rapidly growing market luring large corporations across the rich world. Sebastien Piguet, co-founder and chief insurance officer at Descartes Underwriting, says parametric models are filling a gap left by other types of insurance policies. That's as climate change and more frequent extreme weather events challenge standard coverage models. 'It's much more challenging to find capacity for this kind of coverage with traditional insurance,' he said. Companies using parametrics now include French pharmaceutical firm Sanofi SA, telecommunications company Liberty Latin America, and renewable energy investor Greenbacker Capital Management. The market for such products is estimated to almost double to $34 billion in the decade through 2033. It's a shift that's caught the attention of ILS investment managers. Insurance-linked securities, which a Preqin ranking listed as the best-performing hedge fund strategy of 2023, have long focused on catastrophe bonds. Typically issued by insurers and reinsurers, investors in the bonds make money if predefined triggers like wind speed or insured losses aren't met, and lose money if they are. In recent years, that model has generated market-beating returns. Investment funds based on parametric insurance have the potential to beat cat bond returns, according to Rhodri Morris, a portfolio manager at Twelve Securis. The Zurich-based $8.6 billion alternative investment manager, which specializes in catastrophe bonds, launched the Lumyna-Twelve Capital Parametric ILS Fund together with Lumyna Investments in February. 'We aim to return a couple of percentage points above the cat bond market,' Morris said in an interview. The fund, which is the first of its kind, has so far attracted about €85 million ($99 million) of capital. Morris says the expectation is that it will draw as much as €200 million next year. A key attraction for investors is they can avoid so-called trapped capital, according to Morris. Investors in cat bonds sometimes wait for months — or even years — before loss rates are assessed and payouts settled. Investors in a parametric fund will generally know within days whether an underlying insurance contract has paid out or not. The Lumyna-Twelve parametric fund has drawn 'genuine interest' from investors, Morris said. But they've also had questions, and there's a number of important factors to consider, he said. 'Investors need to understand that you're giving up liquidity in some part of the portfolio,' Morris said. 'But the benefits you're getting are higher returns and the lack of trapping.' The fund has received seed capital from what it describes as a 'top-tier European institutional investor.' Morris declined to identify the firm by name. Luca Albertini, chief executive of Leadenhall Capital Partners, a London-based firm which oversees $4.5 billion in ILS assets including a few private parametric deals, says that while investors benefit from the transparency and quick payouts of parametric products, they need to pick investments with care. 'The attractiveness of parametric comes and goes,' and 'you need to be watchful that the risk-reward remains attractive compared to alternatives in the same space,' such as cat bonds, he said. The Lumyna-Twelve fund will be structured so that part of the capital will support deals it strikes itself. For these, it will rely on Descartes to structure the transactions, and on Assicurazioni Generali SpA — the parent of Lumyna — to provide the insurance capital to back the product. Returns are also based on parametric deals done by Descartes and its partner Generali for their own clients. These will be bundled, with the Lumyna-Twelve fund free to invest in a chunk of the end product. Climate-related economic losses in the US have reached $6.6 trillion over the past 12 years, so figuring out how to deal with extreme weather events is no longer just an environmental concern, but a 'significant financial issue,' Bloomberg Intelligence said in a recent report. Against that backdrop, corporate demand for parametrics keeps growing. Cyril Lelarge, global head of insurance at Sanofi, says the company has been relying increasingly on parametric coverage as it looks for ways to guard its supply chain. 'It's important for us to protect our assets for the future,' he said. Liberty Latin America says it bought 'several hundred million dollars worth' of hurricane parametric insurance in 2024. When Hurricane Beryl hit last July, Liberty says it got a quick payout of $44 million, which helped the company rebuild damaged infrastructure. Descartes has also launched parametric cover for solar farms against tornado damage. And Aon Plc, an insurance broker, has together with Swiss Re and Floodbase rolled out a policy for hurricane-related storm surge along the US coast, while Axa SA has introduced a product that protects outdoor workers in Hong Kong from heat waves. Parametric deals are also increasingly popular among renewables firms, with solar plants in Texas acquiring policies against hailstorms, and wind farms using them as a financial buffer when the wind fails to blow and revenue drops. For Greenbacker Capital Management, the parametric coverage it received from Munich Re, in conjunction with a 'wind proxy hedge' that it structured with kWh Analytics, helped it attract lenders, according to Dan de Boer, interim chief executive at Greenbacker. 'It allowed us to raise 20% more debt capital' for a US wind project, he said. (Adds BI estimate in 19th paragraph.) America's Top Consumer-Sentiment Economist Is Worried How to Steal a House Inside Gap's Last-Ditch, Tariff-Addled Turnaround Push Apple Test-Drives Big-Screen Movie Strategy With F1 Does a Mamdani Victory and Bezos Blowback Mean Billionaires Beware? ©2025 Bloomberg L.P.
Yahoo
10-05-2025
- Business
- Yahoo
Insiders' US$6.79m Investments In Red Following Liberty Latin America's US$156m Dip In Market Value
Insiders who bought US$6.79m worth of Liberty Latin America Ltd.'s (NASDAQ:LILA) stock at an average buy price of US$8.49 over the last year may be disappointed by the recent 16% decrease in the stock. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only US$3.60m. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The Independent Director Brendan Paddick made the biggest insider purchase in the last 12 months. That single transaction was for US$3.6m worth of shares at a price of US$9.10 each. That means that an insider was happy to buy shares at above the current price of US$4.50. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Brendan Paddick. Brendan Paddick bought 799.55k shares over the last 12 months at an average price of US$8.49. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Check out our latest analysis for Liberty Latin America There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Liberty Latin America insiders own 11% of the company, currently worth about US$104m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. It doesn't really mean much that no insider has traded Liberty Latin America shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. With high insider ownership and encouraging transactions, it seems like Liberty Latin America insiders think the business has merit. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. Of course Liberty Latin America may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
