Liberty Latin America 2018 revenues up 2% to USD3.7bn

21 Feb 2019

Liberty Latin America (LLA), which was established in December 2017, following a ‘split-off’ from Liberty Global, has reported revenue of USD3.7 billion for the twelve months ended 31 December 2018, up 2% on an annualised basis. LLA reported an operating loss of USD24 million for the period under review, compared to USD163 million in 2017. The net loss attributable to shareholders, meanwhile, was USD345 million for full-year 2018.

In operational terms, LLA reported a consolidated mobile user base of 3.503 million at 31 December 2018, alongside 2.402 million fixed broadband subscribers, 1.909 million pay-TV customers and 1.391 million fixed voice users.

Balan Nair, CEO of LLA, commented: ‘In our first year as a separately listed company, we successfully established a strong team and culture, delivered all of our 2018 financial guidance targets and created great operational momentum heading into 2019. Our region remains underpenetrated by high-speed connectivity. During 2018, we continued to expand our leading fixed networks by either upgrading or adding approximately 330,000 premises to our footprint. The combination of this growing network and our leading product offerings helped us achieve our highest RGU additions since we acquired Cable & Wireless Communications (CWC), led by a record number of broadband additions. LTE penetration across the group’s mobile businesses also grew during the year, as we added 435,000 LTE subscribers.’

United States, Liberty Latin America (LLA)