Liberty Latin America posts revenue of USD1.2bn in 2Q22

4 Aug 2022

US-based Liberty Latin America (LLA) has reported revenue of USD1.218 billion for the three months ended 30 June 2022, up 4% on an annualised basis, from USD1.173 billion in 2Q21. Adjusted OIBDA remained flat in the second quarter of 2022, at USD464 million, while the group registered an operating loss of USD350 million in 2Q22, compared to operating income of USD173 in the year-ago period. Net earnings attributable to shareholders was reported at USD473 million for the second quarter, compared to a profit of USD13 million in the second quarter of 2021.

In operational terms, LLA reported a consolidated mobile subscription base of 7.492 million at 30 June 2022, alongside 2.882 million fixed broadband subscriptions, 1.929 million pay-TV customers and 1.601 million fixed voice lines.

LLA CEO Balan Nair commented: ‘Our inorganic strategy is progressing well and is set to deliver significant value for stakeholders as we integrate operations and realise synergies. On 1 July we closed the acquisition of Claro Panama and we expect to complete our agreed 50/50 JV with Claro Chile in the second half of 2022. Our integration plans in Puerto Rico and Costa Rica are on-track and we are excited to build growth-oriented converged telecommunications service providers in those markets.’

United States, Liberty Latin America (LLA)