Liberty Latin America 2Q19 revenues up 3% to USD983m

7 Aug 2019

Liberty Latin America (LLA), which was established in December 2017, following a ‘split-off’ from UK-based Liberty Global, has reported revenue of USD983 million for the three months ended 30 June 2019, up 3% on an annualised basis, from USD922 million in 2Q18. Operating income, meanwhile, jumped 16%, from USD124 million to USD144 million. The net loss attributable to shareholders was USD116 million in the quarter under review, compared to a deficit of USD42 million in the year-ago period.

In operational terms, LLA reported a consolidated mobile user base of 3.670 million at 30 June 2019, alongside 2.530 million fixed broadband subscribers, 1.957 million pay-TV customers and 1.440 million fixed voice users.

LLA CEO Balan Nair commented: ‘Our second quarter performance showed further evidence of our developing operational momentum. We continued to leverage our investments in network, product and customer experience to add over 110,000 subscribers across our fixed and mobile services in Q2. In fixed services, we added 67,000 RGUs, including 44,000 new broadband subscribers underpinned by continued strong demand for our market-leading speeds. On the mobile front, we reported our second consecutive quarter of growth, adding 44,000 new subscribers.’

United States, Liberty Latin America (LLA)