- Liberty Global's (NASDAQ:LBTYA) Latin American/Caribbean trackers are up heavily today (LILA +16.1%; OTC:LILAB +20.6%; LILAK +16.2%) in the wake of an earnings report that featured revenue that tripled due to the company's acquisition of Cable & Wireless.
- That deal brought in $590.7M in new revenue, for a LiLAC revenue total of $922.9M.
- The company's expecting $150M in synergies from the integration of LiLAC with Cable & Wireless by 2020.
- "As we head into 2017, we are laser focused on improving the results at [Cable & Wireless] and expect the LiLAC Group to deliver approximately $1.5 billion of OCF for the full year," says Liberty CEO Mike Fries.