Regional telecoms group Liberty Latin America (LLA) has reported revenues of USD888 million for the three months ended 30 September 2020, down 8.2% from USD967 million in 3Q19. Adjusted OIBDA dropped 5.1% from USD380 million to USD360 million in the quarter under review, while the group generated quarterly operating income of USD87 million, compared to a net loss of USD70 million in the corresponding period one year earlier. The net loss attributable to shareholders, meanwhile, was USD85 million.
In operational terms, LLA reported a consolidated mobile user base of 3.379 million at 30 September 2020, alongside 2.736 million fixed broadband subscribers, 1.960 million pay-TV customers and 1.448 million fixed voice users.
CEO Balan Nair commented: ‘Following a challenging second quarter, we delivered improved financial and operating performance in Q3, as the majority of our markets began to recover from the impacts of COVID-19. We saw strong demand for our high-speed broadband-led propositions and achieved record quarterly fixed RGU additions in each of C&W [i.e. legacy Cable & Wireless markets] and Puerto Rico, with over 100,000 new subscribers across both reporting segments. Our C&W markets also swung back to mobile subscriber growth following declines during Q2, and we will build on this momentum through the rest of the year.’