Business
GCI Liberty Provides Update Following Discussions with Chairman John Malone
ENGLEWOOD, Colo., May 11, 2026--GCI Liberty Provides Update Following Discussions with Chairman John Malone
About this update from Liberty Latin America Ltd.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":243,"height":242,"url":"https://media.zenfs.com/en/business-wire.com/8178f9f864248c13c527cdfa51306f6b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cVHZMwBp9oSW5SdLmsMv3g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQxOA--/https://media.zenfs.com/en/business-wire.com/8178f9f864248c13c527cdfa51306f6b","width":243,"height":242},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/cVHZMwBp9oSW5SdLmsMv3g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQxOA--/https://media.zenfs.com/en/business-wire.com/8178f9f864248c13c527cdfa51306f6b","width":243,"height":242}},"lazy":false},{"type":"text","content":"ENGLEWOOD, Colo., May 11, 2026--(BUSINESS WIRE)--GCI Liberty, Inc. ("GCI Liberty") today announced that, following unexpected obstacles to completing a larger, more strategic transaction relating to Liberty Latin America Ltd. ("LLA"), Chairman of the Board, Dr. John C. Malone has determined to terminate discussions with GCI Liberty regarding any further acquisitions of his LLA interests and has offered to acquire GCI Liberty’s 6% equity interest in LLA at the same price paid by GCI Liberty last month. The Board of Directors has accepted this offer.","length":574,"tagName":"p"},{"type":"text","content":"Dr. Malone states as follows: "My vision for GCI Liberty contemplates two distinct units — one built around stable, cash‑generative operations, with declining capital intensity and an ability to return capital from its rapidly growing free cash flow, and another focused on long‑term investment growth. While regulatory, tax, and structural complexities have complicated and delayed executing that framework fully, I continue to believe strongly in its merit. Given that I was unable to complete a larger transaction as originally contemplated, I have offered to purchase the LLA block at GCIL’s cost. This demonstrates both my support for LLA, but also my belief in the concept of GCIL becoming two business units under one umbrella."","length":745,"tagName":"p"},{"type":"text","content":"Ron Duncan, President and CEO of GCI Liberty, states as follows: "We had been evaluating an investment in LLA that was predicated on obtaining both substantial ownership and a control position. When the Searchli...