Liberty Latin America 2019 revenues up 2.3% to USD3.9bn

20 Feb 2020

Liberty Latin America (LLA) has reported revenue of USD3.9 billion for the twelve months ended 31 December 2019, up 2.3% from USD3.7 billion on an annualised basis. LLA reported operating income of USD354 million for the period under review, compared to an operating loss of USD24 million in 2018. The net loss attributable to shareholders, meanwhile, was USD80 million for full-year 2019 – an improvement on the deficit of USD345 million in 2018.

In operational terms, LLA reported a consolidated mobile user base of 3.659 million at 31 December 2019, alongside 2.610 million fixed broadband subscribers, 1.981 million pay-TV customers and 1.456 million fixed voice users.

Balan Nair, CEO of LLA, commented: ‘Our fourth quarter results rounded off a record year of subscriber additions for Liberty Latin America. Our region remains underpenetrated by high-speed connectivity and we leveraged our leading propositions to add 76,000 fixed and 57,000 mobile subscribers in the fourth quarter, taking our total additions for the year to 283,000 and 124,000 subscribers, respectively. During the year, we drove down the cost of network expansion while adding or upgrading nearly 500,000 homes across our footprint, which was approximately 50% higher than our activity in the prior year. Our mobile network coverage and capacity also grew with LTE population coverage now above 90%.’

United States, Liberty Latin America (LLA)