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Liberty Latin America Ltd. - LILA STOCK NEWS

Welcome to our dedicated page for Liberty Latin America Ltd. news (Ticker: LILA), a resource for investors and traders seeking the latest updates and insights on Liberty Latin America Ltd. stock.

Liberty Latin America Ltd. (symbol: LILA) is a leading telecommunications company providing a wide range of communications and entertainment services across Latin America and the Caribbean. Founded in 2017 and based in Denver, Colorado, the company operates through various well-known brands such as C&W, VTR, Liberty Puerto Rico, Cabletica, BTC, UTS, Flow, and Más Móvil.

Liberty Latin America offers a comprehensive suite of services to both residential and business customers, including video, broadband internet, fixed-line telephony, and mobile services. For its business clientele, the company provides enterprise-grade connectivity, data center, hosting, and managed solutions, along with information technology solutions catering to small and medium enterprises, international companies, and governmental agencies.

One of Liberty Latin America's strategic assets is its extensive sub-sea and terrestrial fiber optic cable network that connects approximately 40 markets. This robust infrastructure allows the company to deliver high-quality services across approximately 20 countries in the region. The company’s primary revenue streams come from its C&W Caribbean and Liberty Puerto Rico segments, highlighting its strong market presence in these areas.

Recent developments include a significant transaction with Phoenix Tower International (PTI) to monetize approximately 1,300 mobile tower sites across Panama, Jamaica, The Bahamas, Puerto Rico, Barbados, and the British Virgin Islands. This deal, expected to yield $355 million in proceeds, underscores Liberty Latin America's commitment to optimizing its assets and investing in further network expansion, including future 5G deployment plans.

Liberty Latin America's adherence to providing reliable services and its strategic partnerships have positioned it as a key player in the telecommunications industry. The company continues to innovate and expand, ensuring robust growth and value creation for its shareholders.

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Liberty Latin America (NASDAQ: LILA, LILAK) conducted its annual Mission Week volunteer initiative, where over 850 employees across 22 countries contributed 8,900 volunteer hours. The initiative focused on community service projects including:

  • Providing connectivity services to 600+ previously unconnected people
  • Donating meals to 1,200+ people in need
  • Conducting coastline clean-ups collecting 1,900+ pounds of trash
  • Organizing a UNICEF fundraising concert featuring Costa Rica Philharmonic

The company's charitable work is supported through various foundations including Cable & Wireless Charitable Foundation, Cable & Wireless Panama Foundation, Jamaica Flow Foundation, and Liberty Puerto Rico Foundation.

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Liberty Latin America (LILAK) reported Q3 2024 revenue of $1.1 billion, representing a 3% year-over-year decline. The company faced operational challenges, particularly in Puerto Rico where churn from migration was higher than anticipated. Key highlights include:

- Operating loss of $380 million compared to operating income of $163 million in Q3 2023

- Adjusted OIBDA decreased 6% to $403 million

- Added nearly 50,000 broadband and postpaid subscribers in Costa Rica and Panama

- Completed acquisition of mobile spectrum and prepaid subscribers from Echostar in Puerto Rico & USVI

- Successfully executed $1 billion debt refinancing in C&W credit silo

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Liberty Latin America (NASDAQ: LILA, LILAK) has announced it will release its Q3 2024 financial results on Wednesday, November 6, 2024, after NASDAQ market close. The company will host an investor call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time, where management will discuss the company's results and business operations.

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Liberty Networks, Gold Data, and Sparkle have announced a partnership to construct and commercialize MANTA, a new pan-regional subsea cable system. This 5,600km long system will be the first international submarine cable in the Gulf of Mexico, connecting Mexico and the USA with Central and Latin America. MANTA is designed to support a minimum of 20Tb per fiber pair and will provide unique high-capacity and low-latency routes between Mexico, Panama, Colombia, and the USA.

The system aims to improve traffic flow in the region by providing new low-latency routes to interconnect major data hubs in Mexico City, Queretaro, Bogota, and Panama City with the USA. With new landing access points in Veracruz, Mexico, and Apalachee, Florida, MANTA is expected to be operational by 2027. The companies plan to announce their technology provider soon.

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Liberty Latin America (NASDAQ: LILA and LILAK) has completed the acquisition of EchoStar's spectrum assets and approximately 85,000 pre-paid mobile subscribers in Puerto Rico and the USVI for $255 million. The deal, approved by regulatory authorities, aims to enhance competition in the region. The payment will be made in four annual installments, with the first $95 million paid at closing. Liberty Latin America plans to fund the transaction through local liquidity sources.

CEO Balan Nair emphasized the company's commitment to Puerto Rico and the USVI, highlighting the acquisition of over 100 MHz of spectrum and an extensive distribution network. This move is expected to drive fixed-mobile convergence penetration from current levels of around 25%, increase capacity, boost speeds, strengthen the 5G mobile network, and expand the company's presence in the prepaid market.

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Liberty Latin America reported Q2 2024 financial results with a 2% revenue increase to $1.118 billion. Strong performances were noted in Panama, Costa Rica, and the Caribbean, while Puerto Rico faced post-migration challenges. The company added 100,000 net subscribers in Q2, primarily in mobile services. An agreement to combine operations with Tigo in Costa Rica is expected to enhance FTTH transition and launch 5G services.

Financial highlights include: YoY revenue remained flat at $2.217 billion; operating income decreased by 18% to $111 million in Q2 and 16% to $204 million in H1; Adjusted OIBDA dropped by 12% to $389 million in Q2 and 9% to $763 million in H1. The company repurchased $83 million worth of stock and redeemed convertible notes worth $140 million in H1 2024.

Hurricane Beryl impacted Jamaica, causing expected revenue and OIBDA losses of $10-$20 million and infrastructure repair costs of $10-$20 million. Liberty expects a $44 million derivative gain from weather derivatives for Q3 2024.

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Liberty Latin America (NASDAQ: LILA and LILAK, OTC Link: LILAB) has announced its plans to release second quarter 2024 financial results on Tuesday, August 6, 2024, after the NASDAQ market close. The company will host an investor call the following day, Wednesday, August 7, 2024, at 8:30 a.m. Eastern Time. During this call, management will discuss the company's results, business operations, and potentially provide additional forward-looking information. This announcement provides shareholders and potential investors with a specific timeline to prepare for the upcoming financial disclosure and the opportunity to participate in the subsequent discussion with the company's leadership.

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Liberty Latin America (LILA, LILAK, LILAB) will host its Technology and Customer Experience event, Spark, on June 10-11, 2024, in Panama City. The event will draw over 800 attendees and more than 50 technology providers to showcase advancements in 5G, fiber infrastructure, Generative AI, and Machine Learning. Aamir Hussain, SVP and Chief Technology and Product Officer, highlights the event's role in building relationships and learning from industry experts. Rocio Lorenzo, SVP and General Manager of Cable & Wireless Panama, emphasizes their commitment to providing top-tier services and continuous innovation to meet customer needs.

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Liberty Latin America (NASDAQ: LILA, LILAK) has published its latest Environment, Social Impact, and Corporate Governance (ESG) report. The report highlights significant strides in sustainability, including enhancements in operational efficiency, cost reduction, and increased workforce engagement. CEO Balan Nair emphasized that sustainable practices foster trust and loyalty among stakeholders while creating a resilient company. The report highlights the company's efforts to narrow the digital divide and track greenhouse gas emissions more accurately. Liberty Latin America aligns with the UN Sustainable Development Goals and the SASB framework for the Telecommunications Services industry.

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Liberty Latin America reported strong Q1 2024 results with 45,000 organic broadband and postpaid mobile subscriber net adds. The company completed the Puerto Rico migration, repurchased 5% of shares, and increased buyback authorization. CEO Balan Nair highlighted strong performance in Panama, Costa Rica, and C&W Caribbean. Revenue remained flat at $1,099 million, operating income declined by 13%, and Adjusted OIBDA decreased by 6%. Liberty Networks saw solid recurring revenue growth, while Liberty Puerto Rico experienced integration expenses impacting Q1 Adj. OIBDA. Liberty Costa Rica showed postpaid strength with double-digit growth. The company's share repurchase program was extended through December 2026, with $79 million remaining for repurchases. The company's debt and finance lease obligations stood at $8,116 million at March 31, 2024.

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FAQ

What is the current stock price of Liberty Latin America Ltd. (LILA)?

The current stock price of Liberty Latin America Ltd. (LILA) is $6.26 as of December 20, 2024.

What is the market cap of Liberty Latin America Ltd. (LILA)?

The market cap of Liberty Latin America Ltd. (LILA) is approximately 1.2B.

What services does Liberty Latin America Ltd. offer?

Liberty Latin America provides video, broadband internet, fixed-line telephony, and mobile services to residential and business customers, as well as enterprise-grade connectivity, data center, hosting, and managed solutions.

Where does Liberty Latin America operate?

The company operates in approximately 20 countries across Latin America and the Caribbean, including markets like Chile and Costa Rica.

What recent transactions has Liberty Latin America been involved in?

Liberty Latin America recently agreed to monetize approximately 1,300 mobile tower sites with Phoenix Tower International, expected to yield $355 million in proceeds.

What are the main brands under Liberty Latin America?

The main brands include C&W, VTR, Liberty Puerto Rico, Cabletica, BTC, UTS, Flow, and Más Móvil.

Who are Liberty Latin America's primary customers?

Liberty Latin America's customers range from residential users to small and medium enterprises, international companies, and governmental agencies.

What type of network infrastructure does Liberty Latin America have?

Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects approximately 40 markets.

When was Liberty Latin America founded?

Liberty Latin America was founded in 2017.

Where is Liberty Latin America headquartered?

The company is headquartered in Denver, Colorado.

How is Liberty Latin America traded?

Liberty Latin America's common shares are traded on the NASDAQ Global Select Market under the symbols 'LILA' (Class A) and 'LILAK' (Class C), and on the OTC link under the symbol 'LILAB' (Class B).

What is Liberty Latin America's approach to future technology deployment?

The company is focused on expanding network coverage and future 5G deployment plans across the Caribbean and Latin America.

Liberty Latin America Ltd.

Nasdaq:LILA

LILA Rankings

LILA Stock Data

1.24B
155.37M
23.88%
65.66%
0.59%
Telecom Services
Cable & Other Pay Television Services
Link
United States of America
DENVER