Shares of Liberty Latin America Ltd. Class A (LILA) are soaring in pre-market trading on Thursday, jumping 9.62% following a significant corporate announcement. The company revealed its intention to separate Liberty Puerto Rico from Liberty Latin America (LLA), a move that has evidently sparked investor enthusiasm.

The decision to separate Liberty Puerto Rico, a key asset in the company's portfolio, suggests a strategic shift in Liberty Latin America's business structure. This type of corporate action often aims to unlock value for shareholders by allowing each entity to focus on its core operations and growth strategies independently.

While details of the separation plan are yet to be fully disclosed, the market's immediate positive reaction indicates that investors view this move as potentially beneficial for the company's future prospects. As trading progresses, analysts and investors will likely be keen to learn more about the rationale behind this decision and its potential impact on both Liberty Latin America and the soon-to-be-separated Liberty Puerto Rico entity.