LLA books Q3 turnover of USD925m

Liberty Latin America (LLA) has booked turnover of USD925 million for Q3 2018, representing rebased growth of 3% year-on-year. Operating cash flow (OCF) for the three-month period was USD364 million – up 4% y-o-y (rebased) – whilst operating income grew to USD139 million from a loss of USD206 million in September 2017, with LLA attributing the reversal to ‘lower impairment, restructuring and other operating items … mostly due to impairment charges recorded during Q3 2017 to reflect the impacts of Hurricanes Irma and Maria.’ Net loss, meanwhile, was down to USD26 million from USD343 million in Q3 2017. LLA booked 7,200 net fixed RGU additions compared to end-June 2018, registering 41,600 organic net additions for the quarter, but this was ‘non-organically adjusted’ by 34,400 to reflect the 15,200 subscribers in Puerto Rico that did not restore their services after hurricane damage was repaired. Mobile subscriptions fell by 37,300 quarter-on-quarter, fuelled by net disconnections in Panama (25,700) and the Bahamas (12,400).