Liberty Latin America terminates discussions with Millicom

Liberty
Latin America Ltd. (“Liberty Latin America” or “the Company”)
(NASDAQ: LILA and LILAK, OTC Link: LILAB) announced today that it has
terminated conversations with Millicom International Cellular S.A.
(“Millicom”) regarding a potential transaction. The Company remains
focused on its growth strategy to deliver value for shareholders and
provide market leading products and services to its customers.

About Liberty Latin America

Liberty Latin America is a leading telecommunications company operating
in over 20 countries across Latin America and the Caribbean under the
consumer brands VTR, Flow, Liberty, Más Móvil, BTC 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.

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