Reuters exclusively reveals Liberty Latin America in bid to acquire Millicom

Reuters exclusively revealed that Liberty Latin America Ltd, a wireless and cable operator in South America and the Caribbean, had approached its peer about an acquisition. Millicom subsequently confirmed the deal talks and Nasdaq-listed shares of Millicom International Cellular SA rose up to 14 percent on the news. The deal would create one of the largest telecommunications carriers in Latin America, giving the combined company more heft to compete with some of the region’s biggest players, such as America Movil, Telefonica SA, and AT&T Inc.