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Liberty LatAm seeks plan B as Millicom bid swiftly dropped

Well that was quick. Liberty Latin America has already flaked from plans to acquire Millicom International Cellular, just a week after discussions were confirmed. Faultline Online Reporter’s first impression was that the deal was a strange fit, and the newly spun-off cable operator didn’t take long to agree. But given the divestment of operations in Liberty Global’s core European markets, John Malone will be seeking an alternative route for his Latin American and Caribbean growth ambitions, with operators small, medium and large across the continent now in the firing line. Don’t slash the odds on Liberty Latin America and Millicom reigniting merger negotiations just yet, however. So, Liberty Latin America says it failed to secure enough support from Millicom management…

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