Liberty Latin America Ltd

Billionaire John C. Malone, Director Emeritus of Liberty Latin America Ltd., purchased 37,082 Series A Preference Shares of the company on Sept. 16 and Sept. 17, 2026, according to an SEC Form 4 filing. The transaction was valued at approximately $758,000, based on a weighted average purchase price of $20.43 per share. Following the purchase, Malone directly holds 2,305,677 shares and indirectly holds 1,494,051 shares, a combined position exceeding roughly 3.8 million shares with a total market value of $32.41 million based on the Sept. 17, 2026 valuation date. The shares are held through charitable remainder unitrusts, in which Malone serves as co-trustee, and the Leslie A. Malone 1995 Revocable Trust, though he disclaims beneficial ownership except for his pecuniary interest. The purchase came after the equity produced a 75% total return over the 12 months ending Sept. 17, 2026, and the $20.43 execution price represented a significant premium to the $8.41 common stock price as of the Sept. 18, 2026 market close.

Liberty Latin America reported second-quarter 2026 revenue of $1.1 billion, up 1% on a reported basis and flat on a rebased basis, while adjusted OIBDA rose 3% on a rebased basis to $436 million. The company announced an AI-driven IT services deal with Amdocs expected to deliver over $250 million in net present value through operating and capital expenditure reductions. Liberty Networks delivered 10% rebased revenue growth, driven by strong wholesale demand, and the company added 45,000 mobile postpaid and broadband subscribers across all segments. Results in the Caribbean were impacted by Hurricane Melissa, with a $6 million net effect on revenue and adjusted OIBDA, while Puerto Rico revenue declined 5% year-over-year on a rebased basis. The company also completed a $500 million preferred stock distribution carrying a 9% annual dividend and repurchased over $60 million of stock year-to-date.

Amdocs Limited reported third quarter fiscal 2026 revenue of $1.175 billion, up 2.7% year-over-year as reported and up 2.2% in constant currency, while announcing a multi-year strategic engagement with Liberty Latin America to manage and transform its entire IT domain using Amdocs' agentic operating system, aOS. GAAP diluted earnings per share was $0.59, including a restructuring charge of 91 cents per share, and non-GAAP diluted EPS was $1.84, at the midpoint of guidance. Managed services revenue reached a record $791 million, representing approximately 67% of total revenue, and twelve-month backlog grew 2.7% year-over-year to $4.26 billion. The company expects full-year fiscal 2026 revenue growth of 3.2% to 4.0% as reported and reiterated its constant currency growth outlook midpoint of 2.6% to 3.4%, with free cash flow guidance of $710 million to $730 million excluding restructuring payments. Amdocs also repurchased $143 million of ordinary shares during the quarter and declared a quarterly cash dividend of $0.569 per share.

Liberty Latin America has entered a 10-year strategic engagement with Amdocs to manage its end-to-end IT ecosystem across its regional footprint. The agreement will shift Liberty Latin America's traditional IT operations to an AI-driven model using Amdocs' Agentic Operating System, aOS, aiming to accelerate time to market, boost product innovation, enhance customer and employee experience, and deliver significant cost savings. Amdocs is collaborating with Prodapt, an existing Liberty Latin America partner, to support service continuity and operational transformation. Liberty Latin America's Chief Technology and Product Officer Aamir Hussain said the deal lets the company access world-class expertise without building every capability in-house, while CFO Chris Noyes noted it strengthens financial performance and provides greater cost predictability tied to business outcomes. The transition is expected to take place over the coming months with a focus on seamless service continuity.

Liberty Latin America and its partners in Peru have entered into an agreement to sell their respective stakes in WOW Tel S.A.C. to America Movil Peru S.A.C, a subsidiary of America Movil. WOW operates primarily as a fixed broadband internet service provider in Peru, and Liberty Latin America acquired a minority stake in the business in 2021 with additional investments made since then. The transaction is subject to regulatory approval by Peru's National Institute for the Defense of Competition and Protection of Intellectual Property, known as INDECOPI. The agreement reflects Liberty Latin America's continued focus on rationalizing its operating portfolio and optimizing capital allocation.