(Telecompaper) Liberty Latin America, the recently spun-off unit of Liberty Global focused on Latin America and the Caribbean, has confirmed an initial approach for rival Millicom, a Luxembourg-based company present in 13 countries in Latin America and Africa. Millicom had earlier announced that it had received a "preliminary highly conditional non-binding proposal" for all of its shares from Liberty Latin America, adding that "there is no certainty that a transaction will materialise."