From the 8-K filing:
Liberty Global is disclosing in the offering memorandum for the Notes Offering that it is exploring opportunities with respect to its Latin American operations including a possible spin-off of those operations to Liberty Global’s shareholders. In addition to VTR Parent and Liberty Global’s 80% interest in each of VTR
GlobalCom and VTR Wireless, Liberty Global’s Latin American operations include its 60% interest in Liberty Cablevision of Puerto Rico LLC. Liberty Global’s evaluation of such opportunities is at a preliminary stage, and any alternative pursued will be subject to approval by Liberty Global’s board of directors. Liberty Global is unable to predict the timing or terms of any spin-off or other transaction that might be pursued, or whether such a transaction will eventually occur.
Bloomberg notes that Liberty’s focus has increasingly turned to Europe so a spinoff of its LatAm assets, which only comprise 10% of the company’s revenue and 6% of its subscribers, may allow for increased management focus on the region. It sounds like this idea is in the very early stages, but with famed spinoff master John Malone involved, it’s worth keeping this one in mind.
Disclosure: Author holds no positions in any stock mentioned.