- Reported revenue growth of 5% to $1.2 billion, 1% higher on a rebased basis
- Record mobile postpaid additions of 121,000
- >160,000 homes passed or upgraded; 99% fiber-to-the-home
- Puerto Rico and Costa Rica integration programs on-track
- Acceleration of share buyback activity; >$55 million in quarter
Denver, Colorado - May 4, 2022: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”)
(NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating results for
the three months (“Q1”) ended March 31, 2022.
CEO Balan Nair commented, “We have made good progress against a number of our key operational
objectives in the first quarter. Of note, we delivered record mobile postpaid growth, grew our fixed
subscriber base, continued to expand our high-speed networks and progressed business integrations in
Puerto Rico and Costa Rica.”
“Our sales initiatives and focus on delivering innovative offerings drove our best ever quarter of mobile
postpaid additions with over 120,000 new subscribers. The residential fixed business was led by strong
performances in Costa Rica, Puerto Rico and Panama. We continued to see a challenging environment
in Chile where we reported net RGU losses over the quarter, however the launch of aggressive new
offers in March drove record gross additions in the month.”
“With respect to our inorganic strategy, we continue to make good progress with the integrations of
AT&T's Puerto Rico and USVI operations and Telefónica's Costa Rica assets, each of which we expect
to drive significant synergies in the coming years. In addition, we are on-track to complete the
transactions announced in Panama and Chile during H1 and H2, respectively.”
“Overall, we have had a steady start to the year and anticipate building operational and financial
momentum through 2022. We remain confident in our medium-term outlook and accelerated our
buyback activity in the first quarter, repurchasing over $55 million of our shares.”