Liberty Latin America generates USD967m revenue in 3Q19

6 Nov 2019

Regional telecoms group Liberty Latin America (LLA) has reported revenues of USD967 million for the three months ended 30 September 2019, alongside an operating loss of USD70 million. The 3Q19 net loss attributable to shareholders, meanwhile, was USD35 million. In terms of 9M19, the group saw its top-line sales increase 2.0% from USD2.757 billion to USD2.892 billion, while nine-month operating income dropped 48.2% from USD361 million to USD187 million.

In operational terms, LLA reported a consolidated mobile user base of 3.682 million at 30 September 2019, alongside 2.572 million fixed broadband subscribers, 1.976 million pay-TV customers and 1.447 million fixed voice users.

CEO Balan Nair commented: ‘In early October, we announced the USD1.95 billion acquisition of AT&T’s wireless and wireline operations in Puerto Rico and the US Virgin Islands. We believe these assets, when combined with our market-leading Puerto Rican operations, will create a strong and competitive integrated communications player capable of providing enhanced value to customers. This transaction demonstrates our continued disciplined acquisition strategy, and, as we complete and integrate this highly synergistic transaction, we expect these assets to further bolster LLA’s free cash flow. In addition, today we closed the sale of our business in the Seychelles, following which, we will be focused entirely on the Caribbean and Latin America region.’

United States, Liberty Latin America (LLA)