Liberty Latin America (LILA, Financial) has similarly struggled with COVID-19 related lockdowns and downturns across its footprint. Nevertheless, we believe Liberty's fixed and wireless connectivity businesses will prove resilient. Furthermore, money raised by the company's recent equity rights offering (which we participated in) puts them in a position to close on two announced, attractive acquisition opportunities.
From Wallace Weitz (Trades, Portfolio)'s Hickory Fund third-quarter 2020 commentary.
