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Liberty Latin America 3Q21 revenue up 34% to USD1.2bn

3 Nov 2021

Regional telecoms group Liberty Latin America (LLA) has reported revenues of USD1.192 billion for the three months ended 30 September 2021, up 34% from USD888 million in 3Q20. Adjusted OIBDA climbed 24% from USD360 million to USD446 million in the quarter under review, while the group generated quarterly operating income of USD137 million, up 59% from USD87 million year-on-year. Net earnings attributable to shareholders, meanwhile, was USD78 million, compared to a net loss of USD85 million in 3Q20.

In operational terms, LLA reported a total of 7.294 million mobile subscriptions at 30 September 2021, alongside 2.849 million fixed broadband subscriptions, 1.988 million pay-TV subscriptions and 1.583 million fixed voice subscriptions.

CEO Balan Nair commented: ‘Since reporting our first half results in August, we have made significant progress with our strategic objectives and enhanced our medium-term prospects through operational improvements and accretive M&A transactions … Our inorganic strategy is an important driver of value creation and we were pleased to complete the acquisition of Telefonica’s Costa Rica operations as well as announcing the acquisition of America Movil’s Panama business and a 50/50 joint venture with America Movil in Chile, both of which are expected to close next year. These transactions will enable us to improve our networks and customer propositions, including completing our product portfolios to create converged businesses in Costa Rica and Chile, while also generating significant synergies.’

United States, Liberty Latin America (LLA)

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