Liberty Latin America revenues down 2% to USD922m in 2Q18

9 Aug 2018

Liberty Latin America (LLA), which was established in December 2017, following a ‘split-off’ from Liberty Global plc, has reported revenue of USD922 million for the three months ended 30 June 2018, down 2% on an annualised basis. Operating income, meanwhile, plummeted 20%, to USD124 million. The net loss attributable to shareholders was USD42 million in the quarter under review, compared to a deficit of USD28 million in 2Q17.

In operational terms, LLA reported a consolidated mobile user base of 3.548 million at 30 June, alongside 2.182 million fixed broadband subscribers, 1.702 million pay-TV customers and 1.389 million fixed voice users.

LLA CEO Balan Nair commented: ‘Building on a solid start to the year, we added over 60,000 RGUs in the second quarter, including a record number of quarterly broadband additions. This result shows the potential for our fixed businesses, operating in markets where we believe there is additional demand for high speed services. In mobile, we are seeing a growing number of subscribers using our LTE networks and we have introduced combo plans (with voice, data and text messages) across our markets to address consumers’ changing needs while also aiming to maintain and grow our revenue.’

United States, Liberty Latin America (LLA)