Liberty Latin America has tired of lurking in the shadows of Telefónica and América Móvil, as the operator this week entered discussions to acquire Millicom International Cellular and its 53 million mobile subscribers, primarily in Latin America but with a smattering in North Africa. The two firms aren’t talking prices just yet, but we’re certainly not talking about a small fry deal here. With Balan Nair at the helm of the newly spun off Liberty Latin America, the legendary CTO of Liberty Global who was responsible for Horizon TV, we had expected video to be part and parcel of the company’s vision and therefore expected any M&A activity to fit these plans accordingly. Millicom doesn’t appear to fit the bill…