Liberty Latin America (LILA) News
Market Cap: $1.25B
Avg Volume: 373.32K
Industry: Telecommunications Services
Sector: Communication Services
Liberty Latin America: WiFi Optimization And Video Enhancements Likely Stock Price Drivers
Liberty Latin America's new WiFi optimization and video services, along with network expansion, are poised to drive significant revenue and client growth. The video streaming market's projected 18% CAGR from 2024 to 2032 and new tech like FTTH and DOCSIS 3.1 will most likely boost LILA's growth. Recent acquisitions, including EchoStar's prepaid business, are expected to enhance free cash flow and business growth in 2025 and 2026.
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Liberty Latin America Ltd. (LILA) Q4 2024 Earnings Call Transcript
Liberty Latin America Ltd. (NASDAQ:LILA ) Q4 2024 Earnings Conference Call February 20, 2025 8:30 AM ET Company Participants Asad Nabi - Vice President, IT, Business Partner Balan Nair - President & Chief Executive Officer Chris Noyes - Senior Vice President & Chief Financial Officer Conference Call Participants Michael Rollins - Citigroup Vitor Tomita - Goldman Sachs Andres Coello - Scotiabank Matthew Harrigan - The Benchmark Company Mathieu Robilliard - Barclays Operator Good morning, ladies and gentlemen, and thank you for standing by.
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Liberty Latin America Reports Q4 and FY 2024 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q4”) and twelve months (“YTD” and “FY”) ended December 31, 2024. CEO Balan Nair commented, “In 2024, we made significant investments in our networks and products, driving broadband and postpaid mobile subscriber growth. Successful operational execution and a focus on cost efficiencies.
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LIBERTY LATIN AMERICA SCHEDULES INVESTOR CALL FOR FULL-YEAR 2024 RESULTS
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its full-year 2024 results on Wednesday, February 19, 2025 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Thursday, February 20, 2025. During the call, management will discuss the Company's results and business, and may.
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LIBERTY LATIN AMERICA'S C&W CREDIT SILO COMPLETES REFINANCING PROGRAM; ISSUES NEW $755 MILLION SENIOR NOTES DUE 2033
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America's (“LLA” or the “Company”) largest credit silo, Cable & Wireless (“C&W”), has priced new $755 million senior notes due 2033 with a 9.0% coupon at par. Net proceeds from the issuance will be used to fully redeem C&W's $735 million senior notes due 2027. This notes issuance is expected to close on February 11, 2025. Chris Noyes, Liberty Latin America's CFO, said, “This transaction completes our near-term refinancing objectives f.
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LIBERTY LATIN AMERICA'S C&W CREDIT SILO PRICES NEW $1.5 BILLION TERM LOAN DUE 2032
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America's (“LLA” or the “Company”) largest credit silo, Cable & Wireless (“C&W”), priced a new $1.5 billion term loan at the end of January 2025. This term loan matures in 2032, bears interest at a rate of SOFR + 3.25%, and the net proceeds will be used to repay a $1.5 billion term loan maturing in 2028. This transaction is expected to close on February 18, 2025. Chris Noyes, Liberty Latin America's CFO, said, “Combined with the $1.0 bill.
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Is 2025 the Year to Buy Warren Buffett's 3 Worst-Performing Stocks of the Past Decade?
Warren Buffett will likely go down as the greatest investor of all time -- and he recently proved just how good he is even at 94 years old. In a last-minute comeback, Buffett's company Berkshire Hathaway beat the broader benchmark S&P 500 yet again in 2024.
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LIBERTY LATIN AMERICA GIVES BACK TO COMMUNITIES ACROSS LATIN AMERICA AND THE CARIBBEAN DURING ANNUAL ‘MISSION WEEK'
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) encouraged employees across the region to give back in local communities through its annual Mission Week volunteer initiative. More than 850 employees across 22 countries volunteered during the week of November 11 – 15. The Company's commitment to Mission Week continues to grow, and this year, LLA employees and partners contributed more than 8,900 hours of v.
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Liberty Latin America, And The Hurricane Beryl: An Opportunity To Buy Shares Now
Liberty Latin America's ongoing 5G expansion, network performance improvements, and strategic acquisitions, including Dish Network spectrum assets and Millicom deal, are expected to drive future free cash flow growth. Despite recent challenges from Hurricane Beryl and U.S. dollar strength, LILA's cash flow performance and asset growth indicate a robust and expanding business model. Financial models suggest LILA is significantly undervalued, with potential fair prices ranging from $9 to $14 per share, presenting a compelling investment opportunity.
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Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
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Liberty Latin America Ltd. (LILA) Q3 2024 Earnings Call Transcript
Liberty Latin America Ltd. (NASDAQ:LILA ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Bill Brierly - Head of Compliance and Ethics Balan Nair - President and Chief Executive Officer Chris Noyes - Senior Vice President and Chief Financial Officer Inge Smidts - Senior Vice President, Caribbean Conference Call Participants Vitor Tomita - Goldman Sachs Matthew Harrigan - The Benchmark Company Operator Good morning, ladies and gentlemen, and thank you for standing by.
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Liberty Latin America Reports Q3 2024 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q3”) and nine months (“YTD”) ended September 30, 2024. CEO Balan Nair commented, “We are continuing our strategy to connect communities and drive broadband and postpaid mobile penetration across our markets. We are encouraged by our transformation programs, which are increasingly gain.
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LIBERTY LATIN AMERICA SCHEDULES INVESTOR CALL FOR THIRD QUARTER 2024 RESULTS
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its third quarter 2024 results on Wednesday, November 6, 2024 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Thursday, November 7, 2024. During the call, management will discuss the Company's results and business, and ma.
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Liberty Latin America Is A Buy For Patient Long-Term Telecom Investors
The thesis for Liberty Latin America is that an investment at the current attractive valuation can lead to a solid return through capital gains in the coming years. As a rule, Liberty avoids paying dividends, but the return should come through rising share prices when subscriber and ARPU numbers grow, debt is reduced and shares are repurchased. Investors may need patience for a return to materialize, but the Liberty way of empire building has worked before. There's little reason to doubt that it will work in Latam.
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3 Wireless Stocks Set to Ride High on the Thriving 5G Ecosystem
The accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite short-term headwinds and raw material price volatility. CCOI, LILA and ATNI are well poised to make the most of the current scenario.
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Are Investors Undervaluing Liberty Latin America (LILA) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Is Liberty Latin America (LILA) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Liberty Latin America Ltd. (LILAK) Q2 2024 Earnings Call Transcript
Liberty Latin America Ltd. (NASDAQ:LILAK ) Q2 2024 Results Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Danilo Fernandes - Senior Director of Corporate Business, Cable & Wireless Panama Balan Nair - President and Chief Executive Officer Chris Noyes - Senior Vice President and Chief Financial Officer Eduardo Diaz Corona - Senior Vice President and General Manager, Liberty Communications Ray Collins - Senior Vice President, Infrastructure and Corporate Strategy Conference Call Participants Vitor Tomita - Goldman Sachs.
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Liberty Latin America Ltd. (LILA) Q2 2024 Earnings Call Transcript
Liberty Latin America Ltd. (NASDAQ:LILA ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Danilo Fernandes - Senior Director of Corporate Business, C&W, Panama.
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Huge Insider Buying at a Warren Buffett Pick and 5 Other Stocks
24/7 Insights With the second quarter winding up, some insiders are making sizable purchases of stock.
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América Móvil to Acquire a Controlling Interest in ClaroVTR
MEXICO CITY, Mexico and DENVER, USA--(BUSINESS WIRE)--América Móvil S.A.B. de C.V. (“América Móvil” or “AMX”) (BMV: AMX, NYSE: AMX and AMOV) and Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) announce that, subject to obtaining the required approval from the National Economic Prosecutor's Office of the Republic of Chile (Fiscalía Nacional Económica), América Móvil will be consolidating ClaroVTR into its ongoing operations. As previously d.
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3 Warren Buffett Stocks That Could Soar Between 104% and 157%, According to Select Wall Street Analysts
Berkshire Hathaway has amassed an equity portfolio worth roughly $332 billion. While the Buffett-helmed company has stakes in dozens of stocks, certain Wall Street analysts have predicted triple-digit gains for three of them.
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LIBERTY LATIN AMERICA PUBLISHES ESG REPORT HIGHLIGHTING SUSTAINABILITY PROGRESS
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America”, “LLA”, or “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) announces the publication of its Environment, Social Impact, and Corporate Governance (ESG) report, showcasing the meaningful strides the Company has made in its commitment to being more sustainable. The report can be found on the company website here. "Our ESG report reflects our commitment to responsible business practices," said Balan Nair, CE.
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Panagora Asset Management Inc. Raises Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)
Panagora Asset Management Inc. boosted its stake in Liberty Latin America Ltd. (NASDAQ:LILA – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,094 shares of the company’s stock after purchasing an additional 15,416 shares during the period. Panagora Asset Management Inc. owned approximately 0.21% of Liberty Latin America worth $3,202,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC increased its stake in Liberty Latin America by 55.9% during the 3rd quarter. Barclays PLC now owns 34,048 shares of the company’s stock worth $277,000 after buying an additional 12,203 shares during the period. Wittenberg Investment Management Inc. boosted its holdings in Liberty Latin America by 18.6% in the third quarter. Wittenberg Investment Management Inc. now owns 748,648 shares of the company’s stock worth $6,109,000 after purchasing an additional 117,300 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Liberty Latin America during the third quarter worth $124,000. Gamco Investors INC. ET AL lifted its position in shares of Liberty Latin America by 1.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 343,950 shares of the company’s stock worth $2,807,000 after buying an additional 5,248 shares during the last quarter. Finally, Diversified Trust Co grew its position in shares of Liberty Latin America by 9.5% during the 4th quarter. Diversified Trust Co now owns 21,538 shares of the company’s stock valued at $157,000 after buying an additional 1,867 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock. Insider Activity In other news, major shareholder John C. Malone bought 35,780 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were purchased at an average cost of $6.43 per share, with a total value of $230,065.40. Following the completion of the acquisition, the insider now directly owns 7,402,498 shares in the company, valued at $47,598,062.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the transaction, the chief accounting officer now owns 34,798 shares in the company, valued at approximately $235,234.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John C. Malone purchased 35,780 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was bought at an average cost of $6.43 per share, for a total transaction of $230,065.40. Following the purchase, the insider now directly owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,220,056 shares of company stock worth $8,247,512. 11.35% of the stock is owned by company insiders. Liberty Latin America Price Performance Shares of NASDAQ LILA opened at $8.75 on Monday. Liberty Latin America Ltd. has a 12-month low of $5.90 and a 12-month high of $9.85. The stock has a 50 day simple moving average of $7.39 and a 200-day simple moving average of $7.06. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.33. Liberty Latin America (NASDAQ:LILA – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16). Liberty Latin America had a negative return on equity of 0.23% and a negative net margin of 0.12%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company earned ($0.23) EPS. On average, equities analysts expect that Liberty Latin America Ltd. will post -0.64 earnings per share for the current year. Analysts Set New Price Targets Separately, Barclays cut their price target on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 7th. View Our Latest Stock Analysis on LILA About Liberty Latin America (Free Report) Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.
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Liberty Latin America Ltd. (LILA) Q1 2024 Earnings Call Transcript
Liberty Latin America Ltd. (NASDAQ:LILA ) Q1 2024 Results Conference Call May 8, 2024 8:30 AM ET Company Participants Daniel Neiva - VP, Chief Commercial Officer of Liberty Networks Balan Nair - President and Chief Executive Officer Eduardo Diaz Corona - Senior Vice President and General Manager Chris Noyes - Chief Financial Officer Rocio Lorenzo - Senior VP & GM of Cable and Wireless Panama Conference Call Participants Michael Rollins - Citigroup Vitor Tomita - Goldman Sachs Andres Coello - Scotiabank Soomit Datta - New Street Research Operator Good morning, ladies and gentlemen, and thank you for standing by.
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Liberty Latin America Reports Q1 2024 Results
DENVER, Colorado--(BUSINESS WIRE)--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, 2024. CEO Balan Nair commented, “We delivered strong operating and financial results across Panama, Costa Rica and C&W Caribbean in the first quarter. In Puerto Rico, we have achieved the significant milestone of migrating all our mobile customers to our own o.
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LIBERTY LATIN AMERICA SCHEDULES INVESTOR CALL FOR FIRST QUARTER 2024 RESULTS
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its first quarter 2024 results on Tuesday, May 7, 2024 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Wednesday, May 8, 2024. During the call, management will discuss the Company's results and business, and may provide o.
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LIBERTY LATIN AMERICA ANNOUNCES LAUNCH OF DIRECT ROUTING SERVICE FOR MICROSOFT TEAMS PHONE ACROSS CENTRAL AMERICA AND THE CARIBBEAN
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) is excited to announce the launch of its Direct Routing service for Teams Phone, designed to empower businesses across the region with advanced communication and collaboration capabilities. This group-wide framework model enables seamless integration of Teams with the Company's robust telephony network and local dialing numbers, providing businesses.
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Liberty Latin America Ltd. (LILA) Q4 2023 Earnings Call Transcript
Liberty Latin America Ltd. (LILA) Q4 2023 Earnings Call Transcript
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Liberty Latin America Reports Q4 & FY 2023 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q4”) and twelve months (“YTD” and “FY”) ended December 31, 2023. CEO Balan Nair commented, “We ended the year well, generating healthy subscriber and Adjusted OIBDA growth and delivering Adjusted FCF before distributions to noncontrolling interests of $273 million, 43% higher than the.
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LIBERTY LATIN AMERICA SCHEDULES INVESTOR CALL FOR FULL-YEAR 2023 RESULTS
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its full-year 2023 results on Thursday, February 22, 2024 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Friday, February 23, 2024. During the call, management will discuss the Company's results and business, and may pro.
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LIBERTY LATIN AMERICA ANNOUNCES EXECUTIVE TEAM CHANGES
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has made changes to its Executive Team. Eduardo Diaz Corona has been appointed SVP, General Manager for Liberty Puerto Rico and USVI replacing Naji Khoury who will transition out of the business. Mr. Diaz Corona will join the Executive Team reporting to Balan Nair, Liberty Latin America's President and CEO. Mr. Diaz Corona has oper.
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Liberty Latin America Ltd. (LILA) Q3 2023 Earnings Call Transcript
Liberty Latin America Ltd. (NASDAQ:LILA ) Q3 2023 Earnings Conference Call November 10, 2023 8:30 AM ET Company Participants Matt Read - Treasurer Balan Nair - President and Chief Executive Officer Christopher Noyes - Chief Financial Officer Conference Call Participants Michael Rollins - Citigroup Vitor Tomita - Goldman Sachs Cesar Medina - Morgan Stanley Soomit Datta - New Street Research Matthew Harrigan - Benchmark Operator Good morning, ladies and gentlemen, and thank you for standing by.
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LIBERTY LATIN AMERICA SIGNS AGREEMENT WITH PHOENIX TOWER INTERNATIONAL TO MONETIZE MOBILE TOWER ASSETS
Transaction includes ~1,300 sites across 6 markets in the Caribbean and Panama Unlocks significant value at an accretive cash flow multiple with $355 million of expected proceeds DENVER , Nov. 10, 2023 /PRNewswire/ -- Liberty Latin America Ltd . ("Liberty Latin America" or the "Company") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced it has reached an agreement 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.
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Liberty Latin America Reports Q3 2023 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q3”) and nine months (“YTD”) ended September 30, 2023. CEO Balan Nair commented, “We drove subscriber growth in the third quarter as we continued to execute our commercial strategies. All of our reporting segments delivered higher broadband subscribers, and we added or upgraded over 1.
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LIBERTY LATIN AMERICA TO ACQUIRE PUERTO RICO AND USVI SPECTRUM AND SUBSCRIBER ASSETS FROM DISH NETWORK
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) has entered into a definitive agreement with DISH Network (“DISH”) to acquire DISH spectrum assets in Puerto Rico and the United States Virgin Islands (USVI) and approximately 120,000 prepaid mobile subscribers in those markets in exchange for cash and international roaming credits. Vivek Khemka, Senior Vice President, Liberty Latin America, commente.
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LIBERTY LATIN AMERICA SCHEDULES INVESTOR CALL FOR THIRD QUARTER 2023 RESULTS
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its third quarter 2023 results on Thursday, November 9, 2023 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Friday, November 10, 2023. During the call, management will discuss the Company's results and business, and may.
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LIBERTY LATIN AMERICA HOSTS FIRST AI FOCUSED EVENT – CX SPARK
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) will host its first Artificial Intelligence (AI) focused event, CX Spark, on October 25, 2023 at the Panama Convention Center in Panama. The Company will welcome over 750 attendees under the theme “Transforming Our Customer Experience with AI Technology”. The event will focus on the potential of AI and how Liberty Latin America is leveraging technology, espe.
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Liberty Latin America Publishes 2022 ESG Report
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today released its third ESG report showcasing the Company's commitment to responsible environment, social, and governance (“ESG”) practices across its operations in Latin America and the Caribbean. The report can be found on the company website here. Balan Nair, CEO of Liberty Latin America, said, “Across Liberty Latin America, we believe deeply in how we w.
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Liberty Latin America Ltd. (LILA) Q2 2023 Earnings Call Transcript
Liberty Latin America Ltd. (NASDAQ:LILA ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Stephen Price - Vice President & General Manager Balan Nair - President, Chief Executive Officer & Director Christopher Noyes - Senior Vice President & Chief Financial Officer Naji Khoury - Managing Director, Liberty Communications of Puerto Rico LLC Conference Call Participants Vitor Tomita - Goldman Sachs Soomit Datta - New Street Research Andres Coello - Scotiabank Matthew Harrigan - The Benchmark Company Operator Good morning, ladies and gentlemen, and thank you for standing by.
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Liberty Latin America Reports Q2 & H1 2023 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q2”) and six months (“YTD” or “H1 2023”) ended June 30, 2023. CEO Balan Nair commented, “Following a solid start to the year, we continued our momentum in the second quarter with sequential financial and operational growth and are well positioned to achieve our 2023 financial guidance.
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Liberty Latin America Schedules Investor Call for Second Quarter 2023 Results
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its second quarter 2023 results on Tuesday, August 8, 2023 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Wednesday, August 9, 2023. During the call, management will discuss the Company's results and business, and may pr.
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Despite Fast-paced Momentum, Liberty Latin America Ltd. (LILA) Is Still a Bargain Stock
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Liberty Latin America Ltd. (LILA) could be a great choice.
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Liberty Latin America Ltd. (LILA) Is Attractively Priced Despite Fast-paced Momentum
Liberty Latin America Ltd. (LILA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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Larta Institute Announces Inaugural Cohort of Venture Fellows
LOS ANGELES--(BUSINESS WIRE)--Larta Institute (Larta), a non-profit organization accelerating innovation and entrepreneurship to feed, fuel and heal the world, today announced the inaugural cohort of startups that have been selected for its Venture Fellows program. The cohort of 14 startups, drawn from applicants based in Los Angeles and Miami, will receive support for their innovative concepts to enhance urban climate resilience. The Venture Fellows program is funded by the Wells Fargo Foundation and is supported by the County of Los Angeles Chief Sustainability Office, Miami-Dade County, the U.S. National Oceanic and Atmospheric Administration, Include Ventures and others. The Venture Fellows program underscores Larta’s commitment to advancing innovative approaches to combating the effects of climate change in underserved communities. The nine-month program is designed to align with the United Nations Sustainable Development Goals (SDGs), specifically Goal 13: Climate Action. Supporting organizations will provide Venture Fellows with guidance and technical assistance for their projects, connections to potential sources of capital, insights related to business strategy and operations and opportunities to grow their networks. Representatives from supporting organizations constitute the Venture Fellows Steering Committee. As part of the program, the startups will pilot their innovation in targeted communities. “Every member of the first cohort of our Venture Fellows program has an engaging story to tell about their cities and how their innovations are working to address the impacts of climate change in their communities,” said Rohit Shukla, founder and CEO of Larta Institute. “Ninety-three percent of the cohort are women- and minority-led businesses. We are honored and privileged to help these inspiring and innovative founders advance their ventures and make a positive impact on their communities.” The 2023 Venture Fellows initiative supports a wide range of innovations, such as sourcing clean water, transforming urban land for community access, eliminating food deserts, countering urban heat islands, facilitating fresh produce consumption in communities, enhancing coastal resilience, providing clean energy to underserved neighborhoods, developing vertical gardens and harnessing symbiotic ecosystems for urban farming. “Los Angeles and Miami are two cities where climate change will continue to have a major impact on underserved communities,” said Jenny Flores, head of small business growth philanthropy at Wells Fargo. “The Venture Fellows selected for this inaugural cohort are entrepreneurs who are ready to address some of the challenges these communities face, such as accessing clean water, reducing the impact of sea-level rise and improving the livability of urban spaces.” The Venture Fellows program is being piloted in Los Angeles and Miami and plans to expand to additional cities. To learn more about the 2023 Venture Fellows, visit: larta.org/venture-fellows-2023-cohort To learn more about the Venture Fellows program, visit: Larta.org/Venture-Fellows For more information about the reach and aspirations of Larta’s Venture Fellows program, including plans to expand to additional cities in the years ahead, please contact: Christina Lila Wilson Senior Manager Larta Venture Fellows Program cwilson@larta.org About Larta Ventures Larta Ventures, a subsidiary of the non-profit organization Larta Institute, invests in promising founders and startups who are working to feed, fuel and heal the world. Through our Venture Fellows program, we invest in diverse innovators to pilot good ideas that help communities become more resilient in response to the impacts of climate change. Our co-creation studio model invests resources and expertise in sustainability-focused ventures to prepare them for seed or Series A funding. We invest capital into impact-driven startups alongside our active funding network. For more information visit: Larta.Ventures About Larta Institute Larta Institute is a 501(c)(3) non-profit organization accelerating innovation and entrepreneurship. Our mission is to foster science and technology innovation for a sustainable planet. Our planet is experiencing significant global problems created by human behavior and policies affecting the environment, food, education, energy and healthcare systems. New science and technology play a critical role in transforming how we sustainably feed, fuel and heal the world. LARTA was founded in 1993 and funded by the State of California as a Los Angeles Regional Technology Alliance to stimulate the economic development of technology-based enterprises. Now known as Larta Institute, the organization has become a national partner for numerous federal government agencies — including DARPA, NIH, DOE, NSF, NIST, NOAA and USDA — to commercialize novel research and innovation. Today, Larta Institute’s innovation platform and ecosystem accelerate new science and technology from idea to sustainable enterprise by providing a unique combination of connections, resources and funding. We have helped over 4,500 startups, and our alumni have raised more than $7 billion in funds. Together, let's feed, fuel and heal the world. To learn more, visit: Larta.org
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Liberty Latin America Reports Q1 2023 Results
DENVER, Colorado--(BUSINESS WIRE)--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, 2023. CEO Balan Nair commented, “We had a good start to the year, delivering solid subscriber growth in the first quarter and remain on track to achieve our 2023 financial guidance targets.” “We added internet and mobile postpaid subscribers across all of our reporting segments in Q1. Broadband additions were particularly strong led by improved performance in C&W Caribbean as we continue to make our networks Giga-Ready and delight our customers with differentiated converged propositions. In connection with our enhanced services and offers, we recently implemented nominal price increases in select markets to reflect the added value being delivered to our customers, in most cases, these rate adjustments follow several years without any increase.” “Inorganically, 2023 is a key year as we work to complete our integrations in Puerto Rico, Panama and Costa Rica, which will deliver significant value for our stakeholders. We have started to migrate prepaid mobile customers onto our own platform in Puerto Rico and are taking swift action to drive synergies in Panama following the removal of integration-related restrictions in January.” “We remain confident in our cash generation for the business, and have renewed our buyback authorization for up to an additional $200 million through the end of 2025.” “Our first quarter performance provides a solid foundation for 2023. As we progress through the year, we plan to maintain a relentless focus on delivering value for our customers, executing our integration initiatives, and driving further growth for shareholders.” Business Highlights C&W Caribbean: strong start to the year Broadband and mobile postpaid organic adds more than doubled YoY Reported and rebased Adj. OIBDA growth of 8% Broadband and mobile postpaid organic adds more than doubled YoY Reported and rebased Adj. OIBDA growth of 8% C&W Panama: investments and acquisition benefits drive growth Reported and rebased revenue growth of 30% and 4%, respectively Reported and rebased Adj. OIBDA growth of 7% and 16%, respectively Reported and rebased revenue growth of 30% and 4%, respectively Reported and rebased Adj. OIBDA growth of 7% and 16%, respectively C&W Networks & LatAm: solid financial momentum Reported and rebased revenue growth of 1% and 6%, respectively Reported and rebased Adj. OIBDA growth of 2% and 4%, respectively Reported and rebased revenue growth of 1% and 6%, respectively Reported and rebased Adj. OIBDA growth of 2% and 4%, respectively Liberty Puerto Rico: sequential Adj. OIBDA improvement Broadband subscriber growth continuing to drive fixed revenue growth YoY Migration of prepaid mobile customers to new Liberty Puerto Rico platform underway Broadband subscriber growth continuing to drive fixed revenue growth YoY Migration of prepaid mobile customers to new Liberty Puerto Rico platform underway Liberty Costa Rica: strong operational and financial performance Over 15,000 broadband and mobile postpaid organic adds Adj. OIBDA up 50% and 28% on a reported and rebased basis, respectively Over 15,000 broadband and mobile postpaid organic adds Adj. OIBDA up 50% and 28% on a reported and rebased basis, respectively FY 2023 LLA Financial Guidance - Reconfirmed Adjusted OIBDA mid-to-high single digit rebased growth P&E additions as a percentage of revenue at ~16% Adjusted FCF of ~$300 million, before distributions to noncontrolling interests Share Repurchase Program On February 22, 2022, our Board of Directors approved a new share repurchase program. The program authorized us to repurchase from time to time up to $200 million of our Class A common shares and/or Class C common shares through December 2024. At March 31, 2023, the remaining amount authorized for share repurchases under the share repurchase program was $32 million. On May 8, 2023, our Board of Directors authorized us to repurchase from time to time up to an additional $200 million of our Class A common shares and/or Class C common shares under our share repurchase program through December 2025. Financial and Operating Highlights Financial Highlights Q1 2023 Q1 2022 YoY Growth / (Decline) YoY Rebased Growth1 (USD in millions) Revenue $ 1,104 $ 1,216 (9 %) 1 % Revenue (excluding VTR)2 $ 1,104 $ 1,045 6 % Operating income $ 113 $ 185 (39 %) Adjusted OIBDA3 $ 407 $ 437 (7 %) 4 % Adjusted OIBDA3 (excluding VTR)2 $ 407 $ 390 4 % Property & equipment additions $ 145 $ 175 (18 %) As a percentage of revenue 13 % 14 % Adjusted FCF4 $ (50 ) $ (56 ) Cash provided by operating activities $ 62 $ 122 Cash used by investing activities $ (132 ) $ (189 ) Cash used by financing activities $ (35 ) $ (78 ) Operating Highlights5 Q1 2023 Q1 2022 Total customers 1,937,100 3,227,600 Organic customer additions (losses) 23,900 (7,900 ) Fixed RGUs 3,853,500 6,453,300 Organic RGU additions 56,300 3,200 Organic internet additions 29,400 13,700 Mobile subscribers 8,027,700 7,590,000 Organic mobile (losses) additions (16,000 ) 49,700 Organic postpaid additions 35,200 121,100 * Q1 2023 figures include mobile subscribers related to the Claro Panama Acquisition, which was completed on July 1, 2022, and are therefore not included in Q1 2022 subscriber data. Q1 2023 figures exclude VTR as it was deconsolidated in October 2022 in connection with the closing of our joint venture in Chile with América Móvil. Revenue Highlights The following table presents (i) revenue of each of our segments and corporate operations for the periods indicated and (ii) the percentage change from period-to-period on both a reported and rebased basis: Three months ended Increase/(decrease) March 31, 2023 2022 % Rebased % in millions, except % amounts C&W Caribbean $ 353.8 $ 354.8 — (1 ) C&W Panama 165.3 127.2 30 4 C&W Networks & LatAm 108.7 107.6 1 6 Liberty Puerto Rico 365.8 366.7 — — Liberty Costa Rica 129.2 107.4 20 4 VTR — 170.8 N.M. N.M. Corporate 6.4 5.6 14 14 Eliminations (25.4 ) (23.9 ) N.M. N.M. Total 1,103.8 1,216.2 (9 ) 1 Less: VTR — 170.8 Total excluding VTR2 $ 1,103.8 $ 1,045.4 6 N.M. – Not Meaningful. Reported revenue for the three months ended March 31, 2023 declined by 9%. Reported revenue declined in Q1 as (1) the addition of $35 million from the acquisition of América Móvil's Panama operations (Claro Panama) on July 1, 2022, (2) a net foreign exchange benefit of $14 million, and (3) organic growth in C&W Networks & LatAm and C&W Panama, were more than offset by the negative year-over-year impact of VTR's deconsolidation further to the formation of the Chile JV in October 2022. Reported revenue declined in Q1 as (1) the addition of $35 million from the acquisition of América Móvil's Panama operations (Claro Panama) on July 1, 2022, (2) a net foreign exchange benefit of $14 million, and (3) organic growth in C&W Networks & LatAm and C&W Panama, were more than offset by the negative year-over-year impact of VTR's deconsolidation further to the formation of the Chile JV in October 2022. Q1 2023 Revenue Growth – Segment Highlights C&W Caribbean: revenue was flat on a reported basis and declined by 1% on a rebased basis. Fixed residential revenue decreased 3% on a reported and rebased basis. This was driven by reduced ARPU and revenue reduction related to the removal of certain programming rights, partly offset by a higher average number of fixed subscribers. Mobile revenue was up 11% on a reported basis and by 10% on a rebased basis. The increase is primarily attributable to higher average numbers of postpaid mobile subscribers, year-over-year, driven by growth from fixed-mobile convergence efforts. There has also been an increase in inbound roaming revenue as tourism has recovered in the region. B2B revenue was 5% lower on both a reported and rebased basis. Underlying B2B growth was more than offset by the discontinuation of a non-core voice transit services arrangement in C&W Jamaica, which contributed $10 million of revenue in the prior-year period with a slightly negative gross margin. Fixed residential revenue decreased 3% on a reported and rebased basis. This was driven by reduced ARPU and revenue reduction related to the removal of certain programming rights, partly offset by a higher average number of fixed subscribers. Mobile revenue was up 11% on a reported basis and by 10% on a rebased basis. The increase is primarily attributable to higher average numbers of postpaid mobile subscribers, year-over-year, driven by growth from fixed-mobile convergence efforts. There has also been an increase in inbound roaming revenue as tourism has recovered in the region. B2B revenue was 5% lower on both a reported and rebased basis. Underlying B2B growth was more than offset by the discontinuation of a non-core voice transit services arrangement in C&W Jamaica, which contributed $10 million of revenue in the prior-year period with a slightly negative gross margin. C&W Panama: revenue grew by 30% and 4% on a reported and rebased basis, respectively. Reported performance benefited from the inclusion of América Móvil's Panama operations in the quarter. Fixed residential revenue was up 15% and 6% on a reported and rebased basis, respectively. Rebased growth was driven by RGU additions over the past twelve months, resulting from investments in our networks, products and commercial activities. Mobile revenue increased by 47% on a reported basis and 2% on a rebased basis. Increased usage and ARPU levels drove rebased growth, more than offsetting volume reduction in our prepaid subscriber base. B2B revenue grew by 20% and 7% on a reported and rebased basis, respectively. The year-over-year rebased performance was driven by growth in mobile services and an increase in the volume of certain government-related projects. Fixed residential revenue was up 15% and 6% on a reported and rebased basis, respectively. Rebased growth was driven by RGU additions over the past twelve months, resulting from investments in our networks, products and commercial activities. Mobile revenue increased by 47% on a reported basis and 2% on a rebased basis. Increased usage and ARPU levels drove rebased growth, more than offsetting volume reduction in our prepaid subscriber base. B2B revenue grew by 20% and 7% on a reported and rebased basis, respectively. The year-over-year rebased performance was driven by growth in mobile services and an increase in the volume of certain government-related projects. C&W Networks & LatAm: revenue grew by 1% and 6% on a reported and rebased basis, respectively. Growth on a rebased basis was driven by higher subsea network revenue associated with a significant customer that is recognized on a cash basis, and growth in B2B service-related connectivity and managed services. Liberty Puerto Rico: revenue was flat on a reported and rebased basis. Residential fixed revenue growth was driven by subscriber additions over the past twelve months, partly offset by reduced ARPU. Residential mobile revenue was lower compared to the prior-year period, as higher volumes of handset sales were more than offset by (1) lower ARPU from mobile services, including the impact of higher contract asset amortization driven by increases in handset sales and subsidy levels, and (2) a decline in the average number of prepaid mobile subscribers. Sequentially, subscription revenue and ARPU was stable with overall revenue lower driven by the step down from seasonally strong handset sales in the fourth quarter. B2B revenue growth was driven by increased data services volumes and new customers. Residential fixed revenue growth was driven by subscriber additions over the past twelve months, partly offset by reduced ARPU. Residential mobile revenue was lower compared to the prior-year period, as higher volumes of handset sales were more than offset by (1) lower ARPU from mobile services, including the impact of higher contract asset amortization driven by increases in handset sales and subsidy levels, and (2) a decline in the average number of prepaid mobile subscribers. Sequentially, subscription revenue and ARPU was stable with overall revenue lower driven by the step down from seasonally strong handset sales in the fourth quarter. Sequentially, subscription revenue and ARPU was stable with overall revenue lower driven by the step down from seasonally strong handset sales in the fourth quarter. B2B revenue growth was driven by increased data services volumes and new customers. Liberty Costa Rica: revenue grew by 20% and 4% on a reported and rebased basis, respectively. Reported performance benefited from a $16 million positive foreign exchange impact year-over-year, as the Costa Rican colon appreciated against the U.S. dollar. Rebased growth was driven by our mobile operations, with strong postpaid subscriber additions over the past twelve months. Operating Income Operating income was $113 million and $185 million for the three months ended March 31, 2023 and 2022, respectively. We reported lower operating income during the three months ended March 31, 2023, as compared with the corresponding period in 2022, primarily due to the net impact of (i) a decline in Adjusted OIBDA and (ii) increases in impairment, restructuring and other operating items, net, and depreciation and amortization. We reported lower operating income during the three months ended March 31, 2023, as compared with the corresponding period in 2022, primarily due to the net impact of (i) a decline in Adjusted OIBDA and (ii) increases in impairment, restructuring and other operating items, net, and depreciation and amortization. Adjusted OIBDA Highlights The following table presents (i) Adjusted OIBDA of each of our reportable segments and our corporate category for the periods indicated and (ii) the percentage change from period-to-period on both a reported and rebased basis: Three months ended March 31, Increase (decrease) 2023 2022 % Rebased % in millions, except % amounts C&W Caribbean $ 140.2 $ 129.9 8 8 C&W Panama 43.5 40.5 7 16 C&W Networks & LatAm 63.6 62.6 2 4 Liberty Puerto Rico 134.4 140.6 (4 ) (4 ) Liberty Costa Rica 45.2 30.2 50 28 VTR — 46.5 N.M. N.M. Corporate (20.4 ) (13.8 ) (48 ) (44 ) Total $ 406.5 $ 436.5 (7 ) 4 Less: VTR — 46.5 Total excluding VTR2 $ 406.5 $ 390.0 4 Operating income margin 10.2 % 15.2 % Adjusted OIBDA margin 36.8 % 35.9 % Adjusted OIBDA margin excl. VTR2 36.8 % 37.3 % N.M. – Not Meaningful. Our reported Adjusted OIBDA for the three months ended March 31, 2023 was 7% lower, as compared to the corresponding prior-year period. Reported Adjusted OIBDA performance in Q1 was primarily driven by the deconsolidation of VTR. Reported Adjusted OIBDA performance in Q1 was primarily driven by the deconsolidation of VTR. Q1 2023 Adjusted OIBDA Growth – Segment Highlights C&W Caribbean: Adjusted OIBDA increased by 8% on a reported and rebased basis. Performance was driven by lower direct costs, primarily those related to programming rights. Our Adjusted OIBDA margin improved by ~300 basis points year-over-year to 40%. C&W Panama: Adjusted OIBDA increased on a reported and rebased basis by 7% and 16%, respectively. Rebased growth was driven by the aforementioned revenue performance and value capture activities related to the Claro Panama acquisition. C&W Networks & LatAm: Adjusted OIBDA increased on a reported and rebased basis by 2% and 4%, respectively. Our rebased performance was driven by revenue growth. Liberty Puerto Rico: Adjusted OIBDA declined by 4% on a reported and rebased basis. The decline was driven by higher operating costs, partly offset by lower direct costs following equipment credits received in Q1 2023 related to historical handset purchases. Liberty Costa Rica: Adjusted OIBDA grew by 50% and 28% on a reported and rebased basis, respectively. Rebased performance was driven by the aforementioned rebased revenue growth, favorable foreign exchange movements on non-CRC denominated costs and execution of the integration plan. Net Earnings (Loss) Attributable to Shareholders Net earnings (loss) attributable to shareholders was ($50 million) and $81 million for the three months ended March 31, 2023 and 2022, respectively. Property & Equipment Additions and Capital Expenditures The table below highlights the categories of the property and equipment additions (P&E Additions) for the indicated periods and reconciles to cash paid for capital expenditures, net. Three months ended March 31, 2023 2022 USD in millions Customer Premises Equipment $ 46.9 $ 82.8 New Build & Upgrade 28.0 30.1 Capacity 19.4 24.6 Baseline 39.4 25.0 Product & Enablers 11.0 12.9 Property & equipment additions 144.7 175.4 Assets acquired under capital-related vendor financing arrangements (35.9 ) (31.9 ) Changes in current liabilities related to capital expenditures and other 5.3 20.7 Capital expenditures, net $ 114.1 $ 164.2 Property & equipment additions as % of revenue 13.1 % 14.4 % Property & Equipment Additions: C&W Caribbean $ 46.0 $ 44.0 C&W Panama 19.6 15.0 C&W Networks & LatAm 10.8 7.6 Liberty Puerto Rico 47.7 44.5 Liberty Costa Rica 12.7 9.9 VTR — 44.7 Corporate 7.9 9.7 Property & equipment additions $ 144.7 $ 175.4 Property & Equipment Additions as a Percentage of Revenue by Reportable Segment: C&W Caribbean 13.0 % 12.4 % C&W Panama 11.9 % 11.8 % C&W Networks & LatAm 9.9 % 7.1 % Liberty Puerto Rico 13.0 % 12.1 % Liberty Costa Rica 9.8 % 9.2 % VTR N/A 26.2 % New Build and Homes Upgraded by Reportable Segment1: C&W Caribbean 44,200 31,300 C&W Panama 27,200 44,300 Liberty Puerto Rico 8,900 7,400 Liberty Costa Rica 9,600 13,700 VTR — 65,000 Total 89,900 161,700 Summary of Debt, Finance Lease Obligations and Cash and Cash Equivalents The following table details the U.S. dollar equivalent balances of the outstanding principal amounts of our debt and finance lease obligations, and cash and cash equivalents at March 31, 2023: Debt Finance lease obligations Debt and finance lease obligations Cash and cash equivalents in millions Liberty Latin America1 $ 378.2 $ — $ 378.2 $ 84.0 C&W2 4,533.1 — 4,533.1 493.8 Liberty Puerto Rico 2,633.4 5.6 2,639.0 61.0 Liberty Costa Rica 456.4 3.0 459.4 33.0 Total $ 8,001.1 $ 8.6 $ 8,009.7 $ 671.8 Consolidated Leverage and Liquidity Information: March 31, 2023 December 31, 2022 Consolidated debt and finance lease obligations to operating income ratio 17.8x 15.0x Consolidated net debt and finance lease obligations to operating income ratio 16.3x 13.5x Consolidated gross leverage ratio3 4.9x 5.1x Consolidated net leverage ratio3 4.5x 4.6x Weighted average debt tenor4 5.0 years 4.9 years Fully-swapped borrowing costs 5.9% 5.7% Unused borrowing capacity (in millions)5 $957.3 $898.7 Quarterly Subscriber Variance Fixed and Mobile Subscriber Variance Table — March 31, 2023 vs December 31, 2022 Homes Passed Two-way Homes Passed Fixed-line Customer Relationships Video RGUs Internet RGUs Telephony RGUs Total RGUs Prepaid Postpaid Total Mobile Subscribers C&W Caribbean: Jamaica 6,800 6,700 5,500 (700 ) 7,400 9,100 15,800 13,400 9,300 22,700 The Bahamas — (100 ) (1,100 ) 700 1,600 200 2,500 (2,000 ) (100 ) (2,100 ) Trinidad and Tobago — — (2,800 ) (300 ) (2,100 ) 1,200 (1,200 ) — — — Barbados — — 300 200 700 (200 ) 700 (1,700 ) 2,200 500 Other — — (100 ) (400 ) 2,900 100 2,600 (2,400 ) 8,100 5,700 Total C&W Caribbean 6,800 6,600 1,800 (500 ) 10,500 10,400 20,400 7,300 19,500 26,800 C&W Panama 9,300 9,400 3,200 2,900 9,000 6,700 18,600 (71,800 ) 900 (70,900 ) Total C&W 16,100 16,000 5,000 2,400 19,500 17,100 39,000 (64,500 ) 20,400 (44,100 ) Liberty Puerto Rico 1,600 1,600 17,100 (100 ) 7,500 2,700 10,100 (15,700 ) 1,400 (14,300 ) Liberty Costa Rica 7,700 7,800 1,800 (400 ) 2,400 5,200 7,200 29,000 13,400 42,400 Total Organic Change 25,400 25,400 23,900 1,900 29,400 25,000 56,300 (51,200 ) 35,200 (16,000 ) Q1 2023 Adjustments: C&W Caribbean - Jamaica — — — — — — — (10,700 ) — (10,700 ) C&W Caribbean - Other 6,800 6,800 — — — — — — — — C&W Panama1 — — (3,400 ) (2,700 ) (3,400 ) (2,400 ) (8,500 ) (115,100 ) — (115,100 ) Liberty Costa Rica 14,000 14,000 (8,100 ) (5,400 ) (6,500 ) (1,900 ) (13,800 ) — — — Total Q1 2023 Adjustments: 20,800 20,800 (11,500 ) (8,100 ) (9,900 ) (4,300 ) (22,300 ) (125,800 ) — (125,800 ) Net Adds 46,200 46,200 12,400 (6,200 ) 19,500 20,700 34,000 (177,000 ) 35,200 (141,800 ) ARPU per Customer Relationship The following table provides ARPU per customer relationship for the indicated periods: Three months ended FX-Neutral1 March 31, 2023 December 31, 2022 % Change % Change Reportable Segment: C&W Caribbean $ 48.55 $ 48.81 (1 %) (1 %) C&W Panama $ 37.74 $ 36.68 3 % 3 % Liberty Puerto Rico $ 73.95 $ 74.29 — % — % Liberty Costa Rica2 $ 43.89 $ 40.27 9 % 1 % Cable & Wireless Borrowing Group $ 46.04 $ 45.97 — % — % Mobile ARPU The following table provides ARPU per mobile subscriber for the indicated periods: Three months ended FX-Neutral1 March 31, 2023 December 31, 2022 % Change % Change Reportable Segment: C&W Caribbean $ 13.85 $ 14.31 (3 %) (3 %) C&W Panama $ 10.68 $ 9.97 7 % 7 % Liberty Puerto Rico $ 38.90 $ 38.91 — % — % Liberty Costa Rica3 $ 6.42 $ 5.90 9 % — % Cable & Wireless Borrowing Group $ 12.23 $ 11.98 2 % 2 % Forward-Looking Statements and Disclaimer This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategies, priorities and objectives, performance, guidance and growth expectations for 2023; our digital strategy, product innovation and commercial plans and projects; subscriber growth; expectations on demand for connectivity in the region; our anticipated integration plans, synergies, opportunities and integration costs in Puerto Rico following the AT&T Acquisition, in Costa Rica following the acquisition of Telefónica's Costa Rica business and in Panama following the acquisition of América Móvil’s Panama operations; the strength of our balance sheet and tenor of our debt; our share repurchase program; and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include events that are outside of our control, such as hurricanes and other natural disasters, political or social events, and pandemics, such as COVID-19, the uncertainties surrounding such events, the ability and cost to restore networks in the markets impacted by hurricanes or generally to respond to any such events; the continued use by subscribers and potential subscribers of our services and their willingness to upgrade to our more advanced offerings; our ability to meet challenges from competition, to manage rapid technological change or to maintain or increase rates to our subscribers or to pass through increased costs to our subscribers; the effects of changes in laws or regulation; general economic factors; our ability to successfully acquire and integrate new businesses and realize anticipated efficiencies from acquired businesses; the availability of attractive programming for our video services and the costs associated with such programming; our ability to achieve forecasted financial and operating targets; the outcome of any pending or threatened litigation; the ability of our operating companies to access cash of their respective subsidiaries; the impact of our operating companies' future financial performance, or market conditions generally, on the availability, terms and deployment of capital; fluctuations in currency exchange and interest rates; the ability of suppliers and vendors to timely deliver quality products, equipment, software, services and access; our ability to adequately forecast and plan future network requirements including the costs and benefits associated with network expansions; and other factors detailed from time to time in our filings with the Securities and Exchange Commission, including our most recently filed Form 10-K and Form 10-Q. These forward-looking statements speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. About Liberty Latin America Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty and Más Móvil, and through ClaroVTR, our joint venture in Chile. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects approximately 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com. Footnotes Additional Information | Cable & Wireless Borrowing Group The following tables reflect preliminary unaudited selected financial results, on a consolidated C&W basis, for the periods indicated, in accordance with U.S. GAAP. Three months ended March 31, Change Rebased change1 2023 2022 in millions, except % amounts Revenue $ 607.2 $ 570.1 7 % 2 % Operating income $ 60.6 $ 73.6 (18 %) Adjusted OIBDA $ 247.0 $ 233.0 6 % 8 % Property & equipment additions $ 76.5 $ 66.7 15 % Operating income as a percentage of revenue 10.0 % 12.9 % Adjusted OIBDA as a percentage of revenue 40.7 % 40.9 % Proportionate Adjusted OIBDA $ 212.0 $ 200.2 The following table details the U.S. dollar equivalent of the nominal amount outstanding of C&W's third-party debt and cash and cash equivalents: March 31, December 31, Facility Amount 2023 2022 in millions Credit Facilities: Revolving Credit Facility due 2023 (LIBOR + 3.25%) $ 50.0 $ — $ — Revolving Credit Facility due 2027 (LIBOR + 3.25%) $ 580.0 — — Term Loan Facility B-5 due 2028 (LIBOR + 2.25%) $ 1,510.0 1,510.0 1,510.0 Term Loan Facility B-6 due 2029 (LIBOR + 3.00%) $ 590.0 590.0 590.0 Total Senior Secured Credit Facilities 2,100.0 2,100.0 Notes: 5.75% USD Senior Secured Notes due 2027 $ 495.0 495.0 495.0 6.875% USD Senior Notes due 2027 $ 1,220.0 1,220.0 1,220.0 Total Notes 1,715.0 1,715.0 Other debt: 4.25% CWP Term Loan due 2028 $ 435.0 435.0 435.0 Other regional debt 62.1 70.2 Vendor financing 221.0 199.4 Total third-party debt 4,533.1 4,519.6 Less: premiums, discounts and deferred financing costs, net (30.5 ) (31.6 ) Total carrying amount of third-party debt 4,502.6 4,488.0 Less: cash and cash equivalents (493.8 ) (536.2 ) Net carrying amount of third-party debt $ 4,008.8 $ 3,951.8 At March 31, 2023, our third-party total and proportionate net debt was $4.0 billion and $3.8 billion, respectively, our Fully-swapped Borrowing Cost was 5.3%, and the average tenor of our debt obligations (excluding vendor financing) was approximately 4.9 years. Our portion of Adjusted OIBDA, after deducting the noncontrolling interests' share, (“Proportionate Adjusted OIBDA”) was $212 million for Q1 2023. Based on Q1 results, our Proportionate Net Leverage Ratio was 4.0x, calculated in accordance with C&W's Credit Agreement. At March 31, 2023, we had maximum undrawn commitments of $725 million, including $95 million under our regional facilities. At March 31, 2023, the full amount of unused borrowing capacity under our credit facilities (including regional facilities) was available to be borrowed, both before and after completion of the March 31, 2023 compliance reporting requirements. Liberty Puerto Rico (LPR) Borrowing Group The following table reflects preliminary unaudited selected financial results, on a consolidated Liberty Puerto Rico basis, for the periods indicated, in accordance with U.S. GAAP: Three months ended March 31, Change 2023 2022 in millions, except % amounts Revenue $ 365.8 $ 366.7 — % Operating income $ 61.6 $ 65.7 (6 ) % Adjusted OIBDA $ 134.4 $ 140.6 (4 ) % Property & equipment additions $ 47.7 $ 44.5 7 % Operating income as a percentage of revenue 16.8 % 17.9 % Adjusted OIBDA as a percentage of revenue 36.7 % 38.3 % The following table details the nominal amount outstanding of Liberty Puerto Rico's third-party debt, finance lease obligations and cash and cash equivalents:. March 31, December 31, Facility amount 2023 2022 in millions Credit Facilities: Revolving Credit Facility due 2027 (LIBOR + 3.50%) $ 172.5 $ — $ — Term Loan Facility due 2028 (LIBOR + 3.75%) $ 620.0 620.0 620.0 Total Senior Secured Credit Facilities 620.0 620.0 Notes: 6.75% Senior Secured Notes due 2027 $ 1,161.0 1,161.0 1,161.0 5.125% Senior Secured Notes due 2029 $ 820.0 820.0 820.0 Total Notes 1,981.0 1,981.0 Vendor financing 32.4 16.7 Finance lease obligations 5.6 5.7 Total debt and finance lease obligations 2,639.0 2,623.4 Less: premiums and deferred financing costs, net (26.5 ) (28.6 ) Total carrying amount of debt 2,612.5 2,594.8 Less: cash and cash equivalents (61.0 ) (72.3 ) Net carrying amount of debt $ 2,551.5 $ 2,522.5 At March 31, 2023, our Fully-swapped Borrowing Cost was 6.1% and the average tenor of our debt (excluding vendor financing) was approximately 5.3 years. Based on our results for Q1 2023, our Consolidated Net Leverage Ratio was 4.9x, calculated in accordance with LPR’s Group Credit Agreement. At March 31, 2023, we had maximum undrawn commitments of $173 million. At March 31, 2023, the full amount of unused borrowing capacity under our revolving credit facility was available to be borrowed, both before and after completion of the March 31, 2023 compliance reporting requirements. Liberty Costa Rica Borrowing Group The following table reflects preliminary unaudited selected financial results, on a consolidated Liberty Costa Rica basis, for the periods indicated, in accordance with U.S. GAAP: Three months ended March 31, Change Rebased change1 2023 2022 CRC in billions, except % amounts Revenue 72.7 69.2 5 % 4 % Operating income 8.4 8.2 2 % Adjusted OIBDA 25.4 19.4 31 % 28 % Property & equipment additions 7.1 6.4 11 % Operating income as a percentage of revenue 11.6 % 11.8 % Adjusted OIBDA as a percentage of revenue 34.9 % 28.0 % 1. Indicated growth rates are rebased for the acquisition by the Liberty Costa Rica borrowing group of the B2B Costa Rican operations within our C&W borrowing group. The following table details the borrowing currency and Costa Rican colón equivalent of the nominal amount outstanding of Liberty Costa Rica's third-party debt, finance lease obligations and cash and cash equivalents: March 31, December 31, 2023 2022 Borrowing currency in millions CRC equivalent in billions 10.875% Term Loan A Facility due 20311 $ 50.0 27.1 — 10.875% Term Loan B Facility due 20311 $ 400.0 216.7 — Term Loan B-1 Facility due 2024 (LIBOR + 5.50%) $ 276.7 — 163.8 Term Loan B-2 Facility due 2024 (TBP2 + 6.75%) CRC 79,635.2 — 79.6 Revolving Credit Facility due 2028 (SOFR3 + 4.25%) $ 60.0 — — Revolving Credit Facility due 2024 (LIBOR + 4.25%) $ 15.0 — 4.7 Total credit facilities 243.8 248.1 Other 3.5 3.6 Finance lease obligations 1.6 1.7 Total debt and finance lease obligations 248.9 253.4 Less: discounts and deferred financing costs (8.3 ) (3.3 ) Total carrying amount of debt 240.6 250.1 Less: cash and cash equivalents (17.9 ) (9.5 ) Net carrying amount of debt 222.7 240.6 Exchange rate (CRC to $) 541.9 591.8 In January 2023, Liberty Costa Rica entered into the 2031 LCR Term Loan A and the 2031 LCR Term Loan B, both issued at par. The proceeds from the 2031 LCR Term Loan A and 2031 LCR Term Loan B were primarily used to repay the LCR Term Loan B-1 Facility and LCR Term Loan B-2 Facility. In January 2023, the LCR Revolving Credit Facility was amended and restated. The amended and restated agreement increased the borrowing capacity to $60 million, extended the tenor to January 15, 2028 and changed the rate of interest to SOFR plus a margin of 4.25%. At March 31, 2023, our Fully-swapped Borrowing Cost was 10.9% and the average tenor of our debt was approximately 7.8 years. Based on our results for Q1 2023, our Consolidated Net Leverage Ratio was 2.5x, calculated in accordance with LCR’s Credit Agreement. At March 31, 2023, we had maximum undrawn commitments of $60 million. At March 31, 2023, the full amount of unused borrowing capacity under our revolving credit facility was available to be borrowed, both before and after completion of the March 31, 2023 compliance reporting requirements. Subscriber Table Consolidated Operating Data — March 31, 2023 Homes Passed Two-way Homes Passed Fixed-line Customer Relationships Video RGUs Internet RGUs Telephony RGUs Total RGUs Prepaid Postpaid Total Mobile Subscribers C&W Caribbean: Jamaica 692,500 692,400 337,300 131,300 315,600 310,000 756,900 1,122,700 83,000 1,205,700 The Bahamas 120,900 120,800 34,800 6,300 24,700 33,800 64,800 144,400 23,900 168,300 Trinidad and Tobago 340,900 340,900 152,800 101,500 138,200 95,400 335,100 — — — Barbados 140,400 140,400 84,600 38,200 76,400 70,100 184,700 85,900 42,600 128,500 Other 342,800 322,900 215,000 74,000 190,100 115,100 379,200 330,800 108,200 439,000 Total C&W Caribbean 1,637,500 1,617,400 824,500 351,300 745,000 624,400 1,720,700 1,683,800 257,700 1,941,500 C&W Panama 838,500 838,600 251,500 159,500 213,000 204,200 576,700 1,633,800 359,100 1,992,900 Total C&W 2,476,000 2,456,000 1,076,000 510,800 958,000 828,600 2,297,400 3,317,600 616,800 3,934,400 Liberty Puerto Rico 1,2 1,175,200 1,175,200 568,200 242,700 531,500 260,100 1,034,300 166,600 904,700 1,071,300 Liberty Costa Rica 3 722,000 716,200 292,900 199,000 264,100 58,700 521,800 2,191,400 830,600 3,022,000 Total 4,373,200 4,347,400 1,937,100 952,500 1,753,600 1,147,400 3,853,500 5,675,600 2,352,100 8,027,700 Glossary Adjusted OIBDA Margin – Calculated by dividing Adjusted OIBDA by total revenue for the applicable period. ARPU – Average revenue per unit refers to the average monthly subscription revenue (subscription revenue excludes interconnect, mobile handset sales and late fees) per average customer relationship or mobile subscriber, as applicable. ARPU per average customer relationship is calculated by dividing the average monthly subscription revenue from residential fixed and SOHO fixed services by the average of the opening and closing balances for customer relationships for the indicated period. ARPU per average mobile subscriber is calculated by dividing the average monthly mobile service revenue by the average of the opening and closing balances for mobile subscribers for the indicated period. Unless otherwise indicated, ARPU per customer relationship or mobile subscriber is not adjusted for currency impacts. ARPU per average RGU is calculated by dividing the average monthly subscription revenue from the applicable residential fixed service by the average of the opening and closing balances of the applicable RGUs for the indicated period. Unless otherwise noted, ARPU in this release is considered to be ARPU per average customer relationship or mobile subscriber, as applicable. Customer relationships, mobile subscribers and RGUs of entities acquired during the period are normalized. Consolidated Debt and Finance Lease Obligations to Operating Income Ratio – Defined as total principal amount of debt and finance lease obligations outstanding to annualized operating income from the most recent two consecutive fiscal quarters. Consolidated Net Debt and Finance Lease Obligations to Operating Income Ratio – Defined as total principal amount of debt and finance lease obligations outstanding less cash and cash equivalents to annualized operating income from the most recent two consecutive fiscal quarters. CRU – Corporate responsible user. Customer Relationships – The number of customers who receive at least one of our video, internet or telephony services that we count as RGUs, without regard to which or to how many services they subscribe. To the extent that RGU counts include equivalent billing unit (“EBU”) adjustments, we reflect corresponding adjustments to our customer relationship counts. For further information regarding our EBU calculation, see Additional General Notes below. Customer relationships generally are counted on a unique premises basis. Accordingly, if an individual receives our services in two premises (e.g., a primary home and a vacation home), that individual generally will count as two customer relationships. We exclude mobile-only customers from customer relationships. Fully-swapped Borrowing Cost – Represents the weighted average interest rate on our debt (excluding finance leases and including vendor financing obligations), including the effects of derivative instruments, original issue premiums or discounts, which includes a discount on the convertible notes issued by Liberty Latin America associated with a conversion option feature, and commitment fees, but excluding the impact of financing costs. Homes Passed – Homes, residential multiple dwelling units or commercial units that can be connected to our networks without materially extending the distribution plant. Certain of our homes passed counts are based on census data that can change based on either revisions to the data or from new census results. Internet (Broadband) RGU – A home, residential multiple dwelling unit or commercial unit that receives internet services over our network. Leverage – Our gross and net leverage ratios, each a non-GAAP measure, are defined as total debt (total principal amount of debt and finance lease obligations outstanding, net of projected derivative principal-related cash payments (receipts)) and net debt to annualized Adjusted OIBDA of the latest two quarters. Net debt is defined as total debt (including the convertible notes) less cash and cash equivalents. For purposes of these calculations, debt is measured using swapped foreign currency rates, consistent with the covenant calculation requirements of our subsidiary debt agreements. Mobile Subscribers – Our mobile subscriber count represents the number of active subscriber identification module (“SIM”) cards in service rather than services provided. For example, if a mobile subscriber has both a data and voice plan on a smartphone this would equate to one mobile subscriber. Alternatively, a subscriber who has a voice and data plan for a mobile handset and a data plan for a laptop (via a dongle) would be counted as two mobile subscribers. Customers who do not pay a recurring monthly fee are excluded from our mobile telephony subscriber counts after periods of inactivity ranging from 30 to 90 days, based on industry standards within the respective country. In a number of countries, our mobile subscribers receive mobile services pursuant to prepaid contracts. Our Liberty Puerto Rico segment prepaid subscriber count includes mobile reseller subscribers, which represent organizations that purchase minutes and data at wholesale prices and subsequently resell it under the purchaser's brand name. These reseller subscribers result in a significantly lower ARPU than the remaining subscribers included in our prepaid balance. Additionally, our Liberty Puerto Rico segment postpaid subscriber count includes CRUs, which represent an individual receiving mobile services through an organization that has entered into a contract for mobile services with us and where the organization is responsible for the payment of the CRU’s mobile services. NPS – Net promoter score. Property and Equipment Addition Categories Customer Premises Equipment: Includes capitalizable equipment and labor, materials and other costs directly associated with the installation of such CPE; New Build & Upgrade: Includes capitalizable costs of network equipment, materials, labor and other costs directly associated with entering a new service area and upgrading our existing network; Capacity: Includes capitalizable costs for network capacity required for growth and services expansions from both existing and new customers. This category covers Core and Access parts of the network and includes, for example, fiber node splits, upstream/downstream spectrum upgrades and optical equipment additions in our international backbone connections; Baseline: Includes capitalizable costs of equipment, materials, labor and other costs directly associated with maintaining and supporting the business. Relates to areas such as network improvement, property and facilities, technical sites, information technology systems and fleet; and Product & Enablers: Discretionary capitalizable costs that include investments (i) required to support, maintain, launch or innovate in new customer products, and (ii) in infrastructure, which drive operational efficiency over the long term. Proportionate Net Leverage Ratio (C&W) – Calculated in accordance with C&W's Credit Agreement, taking into account the ratio of outstanding indebtedness (subject to certain exclusions) less cash and cash equivalents to EBITDA (subject to certain adjustments) for the last two quarters annualized, with both indebtedness and EBITDA reduced proportionately to remove any noncontrolling interests' share of the C&W group. Revenue Generating Unit (RGU) – RGU is separately a video RGU, internet RGU or telephony RGU. A home, residential multiple dwelling unit, or commercial unit may contain one or more RGUs. For example, if a residential customer in Puerto Rico subscribed to our video service, fixed-line telephony service and broadband internet service, the customer would constitute three RGUs. RGUs are generally counted on a unique premises basis such that a given premises does not count as more than one RGU for any given service. On the other hand, if an individual receives one of our services in two premises (e.g., a primary home and a vacation home), that individual will count as two RGUs for that service. Each bundled video, internet or telephony service is counted as a separate RGU regardless of the nature of any bundling discount or promotion. Non-paying subscribers are counted as RGUs during their free promotional service period. Some of these subscribers may choose to disconnect after their free service period. Services offered without charge on a long-term basis (e.g., VIP subscribers or free service to employees) generally are not counted as RGUs. We do not include subscriptions to mobile services in our externally reported RGU counts. In this regard, our RGU counts exclude our separately reported postpaid and prepaid mobile subscribers. SOHO – Small office/home office customers. Telephony RGU – A home, residential multiple dwelling unit or commercial unit that receives voice services over our network. Telephony RGUs exclude mobile subscribers. Two-way Homes Passed – Homes passed by those sections of our networks that are technologically capable of providing two-way services, including video, internet and telephony services. U.S. GAAP – Generally accepted accounting principles in the United States. Video RGU – A home, residential multiple dwelling unit or commercial unit that receives our video service over our network primarily via a digital video signal while subscribing to any recurring monthly service that requires the use of encryption-enabling technology. Video RGUs that are not counted on an EBU basis are generally counted on a unique premises basis. For example, a subscriber with one or more set-top boxes that receives our video service in one premises is generally counted as just one RGU. Additional General Notes Most of our operations provide telephony, broadband internet, mobile data, video or other B2B services. Certain of our B2B service revenue is derived from SOHO customers that pay a premium price to receive enhanced service levels along with video, internet or telephony services that are the same or similar to the mass marketed products offered to our residential subscribers. All mass marketed products provided to SOHO customers, whether or not accompanied by enhanced service levels and/or premium prices, are included in the respective RGU and customer counts of our operations, with only those services provided at premium prices considered to be “SOHO RGUs” or “SOHO customers.” To the extent our existing customers upgrade from a residential product offering to a SOHO product offering, the number of SOHO RGUs and SOHO customers will increase, but there is no impact to our total RGU or customer counts. With the exception of our B2B SOHO customers, we generally do not count customers of B2B services as customers or RGUs for external reporting purposes. Certain of our residential and commercial RGUs are counted on an EBU basis, including residential multiple dwelling units and commercial establishments, such as bars, hotels, and hospitals, in Puerto Rico. Our EBUs are generally calculated by dividing the bulk price charged to accounts in an area by the most prevalent price charged to non-bulk residential customers in that market for the comparable tier of service. As such, we may experience variances in our EBU counts solely as a result of changes in rates. While we take appropriate steps to ensure that subscriber and homes passed statistics are presented on a consistent and accurate basis at any given balance sheet date, the variability from country to country in (i) the nature and pricing of products and services, (ii) the distribution platform, (iii) billing systems, (iv) bad debt collection experience and (v) other factors add complexity to the subscriber and homes passed counting process. We periodically review our subscriber and homes passed counting policies and underlying systems to improve the accuracy and consistency of the data reported on a prospective basis. Accordingly, we may from time to time make appropriate adjustments to our subscriber and homes passed statistics based on those reviews. Non-GAAP Reconciliations We include certain financial measures in this press release that are considered non-GAAP measures, including (i) Adjusted OIBDA and Adjusted OIBDA Margin, each on a consolidated basis, (ii) Adjusted Free Cash Flow, (iii) rebased revenue and rebased Adjusted OIBDA growth rates, and (iv) consolidated leverage ratios. The following sections set forth reconciliations of the nearest GAAP measure to our non-GAAP measures as well as information on how and why management of the Company believes such information is useful to an investor. Adjusted OIBDA On a consolidated basis, Adjusted OIBDA, a non-GAAP measure, is the primary measure used by our chief operating decision maker to evaluate segment operating performance. Adjusted OIBDA is also a key factor that is used by our internal decision makers to determine how to allocate resources to segments. As we use the term, Adjusted OIBDA is defined as operating income or loss before share-based compensation, depreciation and amortization, provisions and provision releases related to significant litigation and impairment, restructuring and other operating items. Other operating items include (i) gains and losses on the disposition of long-lived assets, (ii) third-party costs directly associated with successful and unsuccessful acquisitions and dispositions, including legal, advisory and due diligence fees, as applicable, and (iii) other acquisition-related items, such as gains and losses on the settlement of contingent consideration. Our internal decision makers believe Adjusted OIBDA is a meaningful measure because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i) readily view operating trends, (ii) perform analytical comparisons and benchmarking between segments and (iii) identify strategies to improve operating performance in the different countries in which we operate. We believe our Adjusted OIBDA measure is useful to investors because it is one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measure may not be directly comparable to similar measures used by other public companies. Adjusted OIBDA should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income. A reconciliation of our operating income or loss to total Adjusted OIBDA is presented in the following table: Three months ended March 31, 2023 2022 in millions Operating income $ 113.0 $ 184.6 Share-based compensation expense 29.2 30.0 Depreciation and amortization 234.6 214.1 Impairment, restructuring and other operating items, net 29.7 7.8 Adjusted OIBDA $ 406.5 $ 436.5 Operating income margin1 10.2 % 15.2 % Adjusted OIBDA margin2 36.8 % 35.9 % Adjusted Free Cash Flow Definition and Reconciliation We define Adjusted Free Cash Flow (Adjusted FCF), a non-GAAP measure, as net cash provided by our operating activities, plus (i) cash payments for third-party costs directly associated with successful and unsuccessful acquisitions and dispositions, (ii) expenses financed by an intermediary, (iii) insurance recoveries related to damaged and destroyed property and equipment and (iv) certain net interest payments or receipts incurred or received, including associated derivative instrument payments and receipts, in advance of a significant acquisition, less (a) capital expenditures, net, (b) principal payments on amounts financed by vendors and intermediaries, (c) principal payments on finance leases, and (d) distributions to noncontrolling interest owners. We believe that our presentation of Adjusted FCF provides useful information to our investors because this measure can be used to gauge our ability to service debt and fund new investment opportunities. Adjusted FCF should not be understood to represent our ability to fund discretionary amounts, as we have various mandatory and contractual obligations, including debt repayments, which are not deducted to arrive at this amount. Investors should view Adjusted FCF as a supplement to, and not a substitute for, U.S. GAAP measures of liquidity included in our consolidated statements of cash flows. The following table provides the reconciliation of our net cash provided by operating activities to Adjusted FCF for the indicated period: Three months ended March 31, 2023 2022 in millions Net cash provided by operating activities $ 62.4 $ 122.3 Cash payments for direct acquisition and disposition costs 1.4 1.7 Expenses financed by an intermediary1 41.3 31.7 Capital expenditures, net (114.1 ) (164.2 ) Principal payments on amounts financed by vendors and intermediaries (40.2 ) (47.3 ) Principal payments on finance leases (0.2 ) (0.2 ) Adjusted FCF before distributions to noncontrolling interest owners (49.4 ) (56.0 ) Distributions to noncontrolling interest owners (0.4 ) — Adjusted FCF $ (49.8 ) $ (56.0 ) Rebase Information Rebase growth rates are a non-GAAP measure. For purposes of calculating rebased growth rates on a comparable basis for all businesses that we owned during the current year, we have adjusted our historical revenue and Adjusted OIBDA to include or exclude the pre-acquisition amounts of acquired, disposed or transferred business, as applicable, to the same extent they are included or excluded from the current year. The businesses that were acquired, disposed or transferred impacting the comparative periods are as follows: In addition, we reflect the translation of our rebased amounts for the prior-year periods at the applicable average foreign currency exchange rates that were used to translate our results for the corresponding current-year periods. We have reflected the revenue and Adjusted OIBDA of acquired entities in our prior-year rebased amounts based on what we believe to be the most reliable information that is currently available to us (generally pre-acquisition financial statements), as adjusted for the estimated effects of (a) any significant differences between U.S. GAAP and local generally accepted accounting principles, (b) any significant effects of acquisition accounting adjustments, (c) any significant differences between our accounting policies and those of the acquired entities and (d) other items we deem appropriate. We do not adjust pre-acquisition periods to eliminate nonrecurring items or to give retroactive effect to any changes in estimates that might be implemented during post-acquisition periods. As we did not own or operate the acquired entities during the pre-acquisition periods, no assurance can be given that we have identified all adjustments necessary to present their revenue and Adjusted OIBDA on a basis that is comparable to the corresponding post-acquisition amounts that are included in our historical results or that the pre-acquisition financial statements we have relied upon do not contain undetected errors. In addition, the rebased growth percentages are not necessarily indicative of the revenue and Adjusted OIBDA that would have occurred if these transactions had occurred on the dates assumed for purposes of calculating our rebased amounts or the revenue and Adjusted OIBDA that will occur in the future. The rebased growth percentages have been presented as a basis for assessing growth rates on a comparable basis and should be viewed as measures of operating performance that are a supplement to, and not a substitute for, U.S. GAAP reported growth rates. The following tables provide the aforementioned adjustments made to the revenue and Adjusted OIBDA amounts for the periods indicated, to derive our rebased growth rates. Due to rounding, certain rebased growth rate percentages may not recalculate. In the tables set forth below: reported percentage changes are calculated as current period measure, as applicable, less prior-period measure divided by prior-period measure; and rebased percentage changes are calculated as current period measure, as applicable, less rebased prior-period measure divided by rebased prior-period measure. The following table sets forth the reconciliation from reported revenue to rebased revenue and related change calculations. Three months ended March 31, 2022 C&W Caribbean C&W Panama C&W Network & LatAm Liberty Puerto Rico Liberty Costa Rica VTR Corporate Intersegment eliminations Total In millions Revenue – Reported $ 354.8 $ 127.2 $ 107.6 $ 366.7 $ 107.4 $ 170.8 $ 5.6 $ (23.9 ) $ 1,216.2 Rebase adjustments: Acquisition — 31.2 — — — — — — 31.2 Disposition — — — — — (170.8 ) — — (170.8 ) Foreign currency 1.3 — (3.2 ) — 15.7 — — 0.2 14.0 Other1 — — (1.6 ) — 1.6 — — — — Revenue – Rebased $ 356.1 $ 158.4 $ 102.8 $ 366.7 $ 124.7 $ — $ 5.6 $ (23.7 ) $ 1,090.6 Reported percentage change — % 30 % 1 % — % 20 % N.M. 14 % N.M. (9 )% Rebased percentage change (1 )% 4 % 6 % — % 4 % N.M. 14 % N.M. 1 % N.M. – Not Meaningful. The following table sets forth the reconciliation from reported Adjusted OIBDA to rebased Adjusted OIBDA and related change calculations. Three months ended March 31, 2022 C&W Caribbean C&W Panama C&W Networks & LatAm Liberty Puerto Rico Liberty Costa Rica VTR Corporate Total In millions Adjusted OIBDA – Reported $ 129.9 $ 40.5 $ 62.6 $ 140.6 $ 30.2 $ 46.5 $ (13.8 ) $ 436.5 Rebase adjustments: Acquisition — (3.0 ) — — — — — (3.0 ) Disposition — — — — — (46.5 ) (0.4 ) (46.9 ) Foreign currency 0.3 — (0.8 ) — 4.4 — — 3.9 Other1 — — (0.8 ) — 0.8 — — — Adjusted OIBDA – Rebased $ 130.2 $ 37.5 $ 61.0 $ 140.6 $ 35.4 $ — $ (14.2 ) $ 390.5 Reported percentage change 8 % 7 % 2 % (4 )% 50 % N.M. (48 )% (7 )% Rebased percentage change 8 % 16 % 4 % (4 )% 28 % N.M. (44 )% 4 % N.M. – Not Meaningful. The following table sets forth the reconciliations from reported revenue by product for our C&W Caribbean segment to rebased revenue by product and related change calculations. Three months ended March 31, 2022 Residential fixed revenue Residential mobile revenue Total residential revenue B2B revenue Total revenue In millions Revenue by product – Reported $ 130.8 $ 91.0 $ 221.8 $ 133.0 $ 354.8 Rebase adjustment: Foreign currency 0.6 0.3 0.9 0.4 1.3 Revenue by product – Rebased $ 131.4 $ 91.3 $ 222.7 $ 133.4 $ 356.1 Reported percentage change (3 )% 11 % 3 % (5 )% — % Rebased percentage change (3 )% 10 % 2 % (5 )% (1 )% The following table sets forth the reconciliations from reported revenue by product for our C&W Panama segment to rebased revenue by product and related change calculations. Three months ended March 31, 2022 Residential fixed revenue Residential mobile revenue Total residential revenue B2B revenue Total revenue In millions Revenue by product – Reported $ 25.9 $ 53.4 $ 79.3 $ 47.9 $ 127.2 Rebase adjustment: Acquisition 2.0 23.7 25.7 5.5 31.2 Revenue by product – Rebased $ 27.9 $ 77.1 $ 105.0 $ 53.4 $ 158.4 Reported percentage change 15 % 47 % 36 % 20 % 30 % Rebased percentage change 6 % 2 % 3 % 7 % 4 % Non-GAAP Reconciliation for Consolidated Leverage Ratios We have set forth below our consolidated leverage and net leverage ratios. The December 31, 2022 leverage ratios exclude the Adjusted OIBDA of VTR in light of the deconsolidation of VTR that occurred in connection with the formation of the Chile JV in October 2022. Our consolidated leverage and net leverage ratios, each a non-GAAP measure, are defined as (i) adjusted total debt and finance lease obligations (total carrying value of debt and finance lease obligations plus discounts, premiums and deferred finance costs) less cash and cash equivalents divided by (ii) last two quarters annualized Adjusted OIBDA as of March 31, 2023. For purposes of these calculations, adjusted total debt and finance lease obligations is measured using swapped foreign currency rates. We believe our consolidated leverage and net leverage ratios are useful because they allow our investors to consider the aggregate leverage on the business inclusive of any leverage at the Liberty Latin America level, not just at each of our operations. Investors should view consolidated leverage and net leverage as supplements to, and not substitutes for, the ratios calculated based upon measures presented in accordance with U.S. GAAP. Reconciliations of the numerator and denominator used to calculate the consolidated leverage and net leverage ratios as of March 31, 2023 and December 31, 2022 are set forth below: March 31, 2023 December 31, 2022 Liberty Latin America Liberty Latin America VTR LLA, excluding VTR in millions, except leverage ratios Total debt and finance lease obligations $ 7,915.2 $ 7,880.7 $ — $ 7,880.7 Discounts, premiums and deferred financing costs, net 94.5 94.0 — 94.0 Adjusted total debt and finance lease obligations 8,009.7 7,974.7 — 7,974.7 Less: Cash and cash equivalents 671.8 781.0 — 781.0 Net debt and finance lease obligations $ 7,337.9 $ 7,193.7 $ — $ 7,193.7 Operating income1: Operating income for the three months ended September 30, 2022 N/A $ 152.9 $ 30.4 $ 122.5 Operating income for the three months ended December 31, 2022 $ 109.5 109.5 — 109.5 Operating income for the three months ended March 31, 2023 113.0 N/A N/A N/A Operating income – last two quarters 222.5 262.4 30.4 232.0 Annualized operating income – last two quarters annualized $ 445.0 $ 524.8 $ 60.8 $ 464.0 Adjusted OIBDA2: Adjusted OIBDA for the three months ended September 30, 2022 N/A $ 415.0 $ 31.9 $ 383.1 Adjusted OIBDA for the three months ended December 31, 2022 $ 405.2 405.2 — 405.2 Adjusted OIBDA for the three months ended March 31, 2023 406.5 N/A N/A N/A Adjusted OIBDA – last two quarters $ 811.7 $ 820.2 $ 31.9 $ 788.3 Annualized Adjusted OIBDA – last two quarters annualized $ 1,623.4 $ 1,640.4 $ 63.8 $ 1,576.6 Consolidated debt and finance lease obligations to operating income ratio 17.8 x 15.0 x N/A Consolidated net debt and finance lease obligations to operating income ratio 16.3 x 13.5 x N/A Consolidated leverage ratio 4.9 x N/A 5.1 x Consolidated net leverage ratio 4.5 x N/A 4.6 x N/A – Not Applicable. Three months ended September 30, 2022 December 31, 2022 Liberty Latin America VTR Liberty Latin America in millions Operating income $ 152.9 $ 30.4 $ 109.5 Share-based compensation expense 20.8 0.3 10.9 Depreciation and amortization 234.3 — 249.0 Impairment, restructuring and other operating items, net 7.0 1.2 35.8 Adjusted OIBDA $ 415.0 $ 31.9 $ 405.2 Non-GAAP Reconciliations for Our Borrowing Groups The financial statements of each of our borrowing groups are prepared in accordance with U.S. GAAP. We include certain financial measures for our C&W, Liberty Puerto Rico and Liberty Costa Rica borrowing groups in this press release that are considered non-GAAP measures, including: (i) Adjusted OIBDA; (ii) Adjusted OIBDA Margin; (iii) Proportionate Adjusted OIBDA, (iv) rebased revenue and (v) rebased Adjusted OIBDA. Adjusted OIBDA is defined as operating income or loss before share-based compensation, depreciation and amortization, related-party fees and allocations, provisions and provision releases related to significant litigation and impairment, restructuring and other operating items. Proportionate Adjusted OIBDA is defined as Adjusted OIBDA less the noncontrolling interests' share of Adjusted OIBDA. We believe these measures at the borrowing group level are useful to investors because they are one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measures may not be directly comparable to similar measures used by other public companies. These measures should be viewed as measures of operating performance that are a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income. A reconciliation of C&W's operating income to Adjusted OIBDA and Proportionate Adjusted OIBDA is presented in the following table: Three months ended March 31, 2023 2022 in millions Operating income $ 60.6 $ 73.6 Share-based compensation expense 6.2 8.5 Depreciation and amortization 147.6 137.5 Related-party fees and allocations 15.4 9.9 Impairment, restructuring and other operating items, net 17.2 3.5 Adjusted OIBDA 247.0 233.0 Noncontrolling interests' share of Adjusted OIBDA 35.0 32.8 Proportionate Adjusted OIBDA $ 212.0 $ 200.2 A reconciliation of Liberty Puerto Rico's operating income to Adjusted OIBDA is presented in the following table: Three months ended March 31, 2023 2022 in millions Operating income $ 61.6 $ 65.7 Share-based compensation expense 1.8 3.2 Depreciation and amortization 55.9 57.7 Related-party fees and allocations 12.1 12.6 Impairment, restructuring and other operating items, net 3.0 1.4 Adjusted OIBDA $ 134.4 $ 140.6 A reconciliation of Liberty Costa Rica's operating income to Adjusted OIBDA is presented in the following table: Three months ended March 31, 2023 2022 CRC in billions Operating income 8.4 8.2 Share-based compensation expense 0.1 0.6 Depreciation and amortization 12.8 10.5 Related-party fees and allocations 0.3 0.3 Impairment, restructuring and other operating items, net 3.8 (0.2 ) Adjusted OIBDA 25.4 19.4 The following table sets forth the reconciliations from reported revenue for our C&W borrowing group to rebased revenue and related change calculations (USD in millions). Three months ended March 31, 2022 Revenue – Reported $ 570.1 Rebase adjustments: Acquisition 31.2 Foreign currency (1.8 ) Other1 (1.6 ) Revenue – Rebased $ 597.9 Reported percentage change 7 % Rebased percentage change 2 % The following table sets forth the reconciliation from Adjusted OIBDA for our C&W borrowing group to rebased Adjusted OIBDA and related change calculations. Three months ended March 31, 2022 In millions Adjusted OIBDA – Reported $ 233.0 Rebase adjustments: Acquisition (3.0 ) Foreign currency (0.5 ) Other1 (0.8 ) Adjusted OIBDA – Rebased $ 228.7 Reported percentage change 6 % Rebased percentage change 8 % The following table sets forth the reconciliations from reported revenue for our Liberty Costa Rica borrowing group to rebased revenue and related change calculations. Three months ended March 31, 2022 CRC in billions Revenue – As reported 69.2 Rebased adjustment – Other1 0.9 Revenue – As rebased 70.1 Reported percent change 5 % Rebased percent change 4 % The following table sets forth the reconciliations from reported Adjusted OIBDA for our Liberty Costa Rica borrowing group to rebased Adjusted OIBDA and related change calculations. Three months ended March 31, 2022 CRC in billions Adjusted OIBDA – Reported 19.4 Rebased adjustment – Other1 0.5 Adjusted OIBDA – Rebased 19.9 Reported percent change 31 % Rebased percent change 28 %
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Asian American Youth Raise Awareness On Mental Health at Second-Annual Long Beach Exhibition, Open Till Aug. 31
LONG BEACH, Calif.--(BUSINESS WIRE)--May is both AAPI Heritage and Mental Health Awareness month, making it the ideal time to talk about the struggles the AAPI community – and especially Asian kids and teens – experience with mental health. In response, the founders of anti-Asian hate initiative Make Noise Today (MNT) met yesterday with members of the community in Long Beach to launch their annual student art exhibition and open a conversation about how AAPI youth’s mental health needs can be best met. The launch of the ‘Bring the Noise’ annual exhibition took place at the Billie Jean King Library in downtown Long Beach, where the works will be on display for free viewing by the public till the end of August. MNT founder and CEO of partner agency Intertrend, Julia Y.C. Huang said, “We’re honored to launch this exceptional exhibition and raise the voices of the AAPI community to ensure they are heard. Historically, the AAPI community has been less inclined to speak openly about mental health challenges. But if we promote an understanding of cultural nuances, we will be better able to address the challenges they face.” The event began with a thought-provoking panel discussion that shed light on the unique challenges that AAPI youth face concerning mental health and emphasized the significance of addressing these challenges. According to panel participant Dr. Ioana Pal, a child psychologist from MemorialCare, “The American Psychological Association has shown that despite a 17.3% overall lifetime rate of developing a mental illness or psychiatric disorder, the AAPI community is three times less likely to seek help than their white counterparts.” Event sponsor Jerry Won from Dear Asian American Podcast added, “AAPI youth across the country are becoming much more open about sharing their stories and fighting the stigma that keeps the older generations of the AAPI community silent.” The ‘Bring the Noise’ exhibition explores the mental health challenges of AAPI youth The panel was followed by an exhibition showcasing works from Asian American youth that explores mental health themes. This year’s contest encouraged students to explore how they can establish healthy self-journeys regarding mental health. A total of 52 submissions were selected to form part of the exhibition. “The student submissions provide insight into the internal battle that many in the AAPI community face regarding mental health,” shared Millie Liao, founder of Youth Against Hate. “They offer a glimpse into their culture and experiences, allowing us to gain a deeper understanding which leads us to engage in more transparent and sincere conversations.” Out of more than 300 submissions, 10 were awarded a cash prize – a total of $10,000 was given out to the winners. The winning submissions are now part of a live and virtual exhibit in Long Beach through the end of August and will be seen by more than 70,000 visitors over three months. The winning student submissions announced last night included: Grand winner – Grace Sowon Park, (Missouri City, TX) – “The Marionette” Gold – Taylor Nicholoff, (Chicago, IL) – “The Day that I Brought Vietnam Home” Gold – Hyunyoung Mo, (Wheeling, IL) – “The Masque of Contemplation” Silver – Jupiter Zimmerman-Yang, (Houston, TX) – “Dear Popo” Silver – Reihinna Harris, (Philly, PA) – “Lost Cause” Silver – Rui Xu (Amy), (Mount Prospect, IL) – “Tanghulu” Honorable Mention – Lila Mankad, (Houston, TX) – “Night Walks” Honorable Mention – Michelle Woo, (La Habra, CA) – “Skeletons in My Closet” Honorable Mention – Lauryn Kinsella, (Culver City, CA) – “Carbon Copy” Honorable Mention – Julia Howe, (San Francisco, CA) – “We are Running Side by Side, Popo” The exhibit will be open from May 5 to Aug. 31 at 200 West Broadway, Long Beach, CA 90802 (Billie Jean King Main Library). Paid parking is available in the Civic Center Garage, or metered street parking is also available. Additional parking options can be located by visiting www.parklb.com/parking-lotsgarages/downtown-parking/. To date, the exhibition has raised more than $31,500 thanks in part to the generous financial support of MemorialCare, Dear Asian Americans, TeachAAPI, WillowTV, Always Be Creating, The Jarchi Show, Major League Cricket, ODK Media, Datawrkz, Sabio, Influential, Admaru, Long Beach Public Library, Youth Against Hate, Teach for America, Act to Change, and Parents are Human. About Intertrend Communications Intertrend is a multicultural creative agency that understands the intersection of cultures, emerging trends, and the interaction between brands and consumers. With a passionate team of over 70 professionals, Intertrend creates deeply resonant and exceptional consumer experiences. Founded 32 years ago and based in Long Beach, Calif. and Plano, Texas, the agency has worked with leading automotive, financial services, retail, entertainment, pharmaceutical, and telecom brands. Intertrend also houses a family of entrepreneurial brand units that build to its core expertise across digital, content and experiential, including The Art of Bloom, Art Renzei, Creative Class Collective, Intertrend Lab, Intertrend+, Long Beach Walls, Make Noise Today, Port City Creative Guild, Unexpected Connections, Architecture for Dogs, and The Psychic Temple. Interpreters and interrupters, interdisciplinary and international, Intertrend is where culture and content meet. Learn more at intertrend.com. About Make Noise Today Make Noise Today, a Creative Class Collective initiative, focuses on combating racism and bigotry by elevating the voices of Asian Americans and marginalized youth groups. We do this by providing platforms for storytelling on diversity, heritage, accomplishments, challenges, grit, inspiration, and culture. We create a space that empowers youth to write their own stories and to stand up, stand out and #makenoisetoday. Learn more at makenoisetoday.org.
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Liberty Latin America Schedules Investor Call for First Quarter 2023 Results
DENVER--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its first quarter 2023 results on Monday, May 8, 2023 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Tuesday, May 9, 2023. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call. Domestic 833 470 1428 International +1 404 975 4839 Conference Passcode 363079 Pre-register for Liberty Latin America's first quarter 2023 investor call by clicking here. You will receive your access details via email. In addition to the dial-in teleconference, a summary investor presentation and listen-only webcast will be available within the Investor Relations section of www.lla.com. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY LATIN AMERICA Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty and Más Móvil, and through ClaroVTR, our joint venture in Chile. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects approximately 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com.
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How Liberty Latin America Can Unlock Its Value In 2023 And Beyond
How Liberty Latin America Can Unlock Its Value In 2023 And Beyond
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Technology Holdings 就人工智慧、超級自動化與資料科學專家 Humans4Help 戰略出售給 Alan Allman Associates 為其提供諮詢服務
倫敦--(BUSINESS WIRE)--(美國商業資訊)--Technology Holdings 是一家全球性的精品投行，在北美、歐洲和亞太地區均設有辦事處，現在宣佈擔任領先的自動化、人工智慧與資料科學及企業服務管理專家 Humans4Help 出售給 Alan Allman Associates 的獨家財務顧問。 Humans4Help 由 Lila Benhammou 於 2018 年創立，總部位於法國，是領先的自動化、人工智慧與資料科學及企業服務管理專家，擁有多平台自動化能力，包括 UiPath、Freshworks、Automation Anywhere、Blue Prism、Kofax、ABBYY 和 ServiceNow。 Humans4Help 在法國、摩洛哥和馬達加斯加之間採用陸上和近岸相結合的交付模式，其經驗豐富的顧問團隊可提供寶貴的洞察，優化資料流並幫助客戶實現數位化轉型。他們先進的專有 IP 套件圍繞關鍵領域建立垂直重點，已被客戶廣泛採用以加速增長和簡化流程。 透過收購 Humans4Help，Alan Allman Associates 可進一步發展其人工智慧和自動化能力，加強超級專業化品牌戰略並將業務範圍擴大到歐洲和北非。 「Technology Holdings 是我們的傑出顧問，他們對自動化、人工智慧與資料科學以及技術服務買家生態系統展現出透徹的了解，並在法國和國際上擁有強大的戰略買家和投資者管道。我們非常高興他們為 H4H 的下一階段增長找到了合適的戰略夥伴 Alan Allman Associates，踐行了他們對估值的承諾，同時他們在整個過程中展現了卓越的專業水準。我們非常感謝整個 Technology Holdings 團隊在整個過程中的勤懇奉獻和鼎力相助。」Humans4Help 創始人暨行政總裁 Lila Benhammou 說道。 Vivek Subramanyam，Technology Holdings 的創始人暨行政總裁表示：「我們很高興能夠達成人工智慧和自動化領域的這筆交易。這是我們的第 10 筆人工智慧和資料科學交易，也是第 6 筆 ServiceNow 交易，這凸顯了我們在該領域的深厚專業知識。這也是我們在法國的第 10 筆交易。我們對該公司實現的成果感到滿意，並期待 Humans4Help 與 Alan Allman Associates 的結合能夠在未來創造更多可能。」 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
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テクノロジー・ホールディングスがAI、ハイパーオートメーション、データサイエンスのスペシャリストであるHumans4HelpにAlan Allman Associatesへの戦略的売却に関してアドバイスを提供
ロンドン--(BUSINESS WIRE)--（ビジネスワイヤ）-- 北米、欧州、アジア太平洋地域に拠点を置くグローバルなブティック投資銀行である テクノロジー・ホールディングスは、オートメーション、AI・データサイエンス、ならびにエンタープライズサービス管理の主要なスペシャリストであるHumans4HelpのAlan Allman Associatesによる買収に関する専属財務アドバイザーを務めたことを発表しています。 2018年にLila Benhammou氏によって設立され、フランスに本社を置くHumans4Helpは、UiPath、Freshworks、Automation Anywhere、Blue Prism、Kofax、ABBYY、ServiceNow等のマルチプラットフォームオートメーション機能を備えた、自動化、AI・データサイエンス、ならびにエンタープライズサービス管理の大手スペシャリストです。 フランス、モロッコ、マダガスカル間でオンショアとニアショアのデリバリーモデルを組み合わせて業務を行うHumans4Helpの経験豊富なコンサルタントチームは、有益な洞察を提供し、データフローを最適化し、クライアントがデジタルトランスフォーメーションを推進できるよう支援します。主要な分野に特化して焦点を当てた独自の最先端IPスイートは、成長の加速とプロセスの合理化を目指すクライアントによって使用されています。 Alan Allman Associatesは、Humans4Helpを買収することにより、AIとオートメーションの機能をさらに発展させ、特定分野に特化した強力なブランドの戦略を強化し、その範囲を欧州および北アフリカ地域に拡大します。 Humans4Helpの創設者であり最高経営責任者（CEO）であるLila Benhammou氏は、次のように述べています。「テクノロジー・ホールディングスは私たちにとって優れたアドバイザーです。彼らは、オートメーション、AI、データサイエンス、およびテクノロジーサービスのバイヤーエコシステムに対して比類のない理解を示し、フランスでも、また世界各国でも、戦略的なバイヤーや投資家に接触するための強力な手段を持っていました。H4Hの次の成長段階に向けて、Alan Allman Associatesという適切な戦略的パートナーの確保を支援し、全体を通して驚くべきレベルのプロフェッショナリズムを示しながら評価の約束を果たしていただけたことに非常に満足しています。プロセス全体を通じたテクノロジー・ホールディングスチームの勤勉さ、献身、サポートに感謝しています。」 テクノロジー・ホールディングスの創設者でありCEOである Vivek Subramanyam氏は、次のように述べています。「AIとオートメーションの分野でこの取引を完了できたことを嬉しく思います。これは、AI・データサイエンスの10番目の取引、かつ、ServiceNowの6番目の取引であり、この分野における当社の深い専門知識を明確に示しています。また、これはフランスでの10番目の取引でもあります。私たちは、当社が達成した結果に満足しており、Alan Allman Associatesと統合したHumans4Helpの将来の可能性に興奮しています。」 本記者発表文の公式バージョンはオリジナル言語版です。翻訳言語版は、読者の便宜を図る目的で提供されたものであり、法的効力を持ちません。翻訳言語版を資料としてご利用になる際には、法的効力を有する唯一のバージョンであるオリジナル言語版と照らし合わせて頂くようお願い致します。
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Technology Holdings为AI、超级自动化和数据科学专业公司Humans4Help提供向Alan Allman Associates进行战略性出售的建议
伦敦--(BUSINESS WIRE)--(美国商业资讯)--Technology Holdings是一家全球精品投资银行，在北美、欧洲和亚太地区均设有办事处。该公司很高兴地宣布，他们成为了Humans4Help的独家财务顾问，Humans4Help是Alan Allman Associates领先的自动化、AI与数据科学以及企业服务管理专业公司。 Humans4Help由Lila Benhammou于2018年创立，总部位于法国，是一家拥有多平台自动化能力的领先的自动化、AI与数据科学以及企业服务管理专业公司。这些平台包括UiPath、Freshworks、Automation Anywhere、Blue Prism、Kofax、ABBY和ServiceNow。 Humans4Help经验丰富的顾问团队将法国、摩洛哥和马达加斯加之间的陆上和离岸交付模式相结合，提供宝贵的洞见，优化数据流，并在客户的数字化转型之旅中提供帮助。他们的先进专利IP套件围绕关键领域构建垂直市场重点，帮助客户加速增长和简化流程。 收购Humans4Help后，Alan Allman Associates将进一步推动其AI和自动化能力的发展，巩固其强大的高度专业化品牌战略，并扩大他们在欧洲和北非的业务覆盖范围。 Humans4Help的创始人兼CEO Lila Benhammou表示：“Technology Holdings是我们杰出的顾问，他们展示了对自动化、AI与数据科学以及技术服务买家生态系统的独到理解。而且，他们在法国和国际范围内还拥有接触战略买家和投资者的强大渠道。我们非常高兴他们协助我们找到了合适的战略合作伙伴Alan Allman Associates，为H4H下一阶段的发展提供了支持。他们不仅兑现了自己的估值承诺，而且还在整个过程中展现了卓越的专业水准。我们感谢整个Technology Holdings团队在整个过程中的勤勉、奉献和支持。” Vivek Subramanyam是Technology Holdings的创始人兼CEO，他表示：“我们很高兴成功达成了这笔AI和自动化领域的交易。这是我们第10次在AI和数据科学领域的交易，也是我们第6次在ServiceNow进行的交易，这突显了我们在该领域的深厚专业知识，同时这也是我们在法国的第10次交易。我们对公司取得的结果感到满意，也对Humans4Help与Alan Allman Associates合作的未来可能性感到兴奋。” 免责声明：本公告之原文版本乃官方授权版本。译文仅供方便了解之用，烦请参照原文，原文版本乃唯一具法律效力之版本。
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Technology Holdings asesora a Humans4Help, una compañía especializada en IA, hiperautomatización y ciencia de datos, en su venta estratégica a Alan Allman Associates
LONDRES--(BUSINESS WIRE)--Technology Holdings, un banco de inversión boutique global con oficinas en América del Norte, Europa y Asia-Pacífico, tiene el agrado de anunciar que se ha desempeñado como asesor financiero exclusivo de Humans4Help, una compañía líder especializada en administración de servicios de IA, ciencia de datos y empresariales, en su venta a Alan Allman Associates. Fundada por Lila Benhammou en 2018 y con sede en Francia, Humans4Help es una compañía especializada en administración de servicios de IA, ciencia de datos y empresariales con funcionalidades de automatización multiplataforma integrada en UiPath, Freshworks, Automation Anywhere, Blue Prism, Kofax, ABBYY y ServiceNow. Con servicios prestados a través de un modelo combinado de tercerización "onshore" y "nearshore" entre Francia, Marruecos y Madagascar, el equipo de asesores altamente experimentados de Humans4Help ofrece invalorables panoramas, optimiza flujos de datos y asiste a sus clientes en sus caminos de transformación digital. Su paquete de propiedad intelectual patentado de vanguardia con un enfoque vertical en sectores clave es una herramienta que los clientes utilizan para acelerar el crecimiento y optimizar los procesos. Con la adquisición de Humans4Help, Alan Allman Associates desarrolla aún más sus capacidades de IA y automatización, refuerza su estrategia de marcas hiperespecializadas fuertes y amplía su presencia a Europa y África del Norte. “Technology Holdings fue un excelente asesor para nosotros. Demostró una comprensión inigualable de los ecosistemas de compradores de servicios de IA, ciencia de datos y tecnología, y evidenció un formidable acceso a inversores y compradores estratégicos en Francia y el resto del mundo. Estamos muy contentos de que hayan ayudado a asegurar a un socio estratégico adecuado como Alan Allman Associates para a siguiente fase del crecimiento de H4H, cumpliendo su promesa de valuación y demostrando niveles destacados de profesionalismo en su trabajo. Agradecemos a todo el equipo de Technology Holdings por su diligencia, dedicación y asistencia en el proceso”, afirmó Lila Benhammou, fundadora y directora ejecutiva de Humans4Help. Vivek Subramanyam, fundador y director ejecutivo de Technology Holdings, señaló: “Estamos encantados de haber concretado esta transacción en el espacio de la IA y la automatización. Esta es nuestra décima transacción de IA y ciencia de datos, y nuestra sexta transacción con ServiceNow, lo que pone de manifiesto nuestra profunda experiencia en el campo. Además, se trata de nuestra décima transacción en Francia. Estamos muy contentos con el resultado obtenido por la compañía y entusiasmados con las posibilidades futuras de Humans4Help en combinación con Alan Allman Associates”. El texto original en el idioma fuente de este comunicado es la versión oficial autorizada. Las traducciones solo se suministran como adaptación y deben cotejarse con el texto en el idioma fuente, que es la única versión del texto que tendrá un efecto legal.
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Technology Holdings conseille Humans4Help, un spécialiste de l’IA, de l’hyperautomatisation et de la science des données, dans le cadre de son rachat stratégique par Alan Allman Associates
LONDRES--(BUSINESS WIRE)--Technology Holdings, une banque d’investissement boutique mondiale avec des bureaux en Amérique du Nord, en Europe et en Asie-Pacifique, est heureuse d’annoncer avoir agi en qualité de conseiller financier exclusif de Humans4Help, un spécialiste de premier plan de l’automatisation, de l’IA et de la science des données, et de la gestion des services d’entreprise pour Alan Allman Associates. Fondé par Lila Benhammou en 2018 et basé en France, Humans4Help est l’un des principaux spécialistes de l’automatisation, de l’IA et de la science des données, et de la gestion des services d’entreprise avec des capacités d’automatisation multiplateformes, notamment dans UiPath, Freshworks, Automation Anywhere, Blue Prism, Kofax, ABBYY et ServiceNow. Grâce à la combinaison d’un modèle de livraison onshore et nearshore entre la France, le Maroc et Madagascar, l’équipe de consultants hautement expérimentés de Humans4Help apporte des aperçus précieux, optimise le flux de données et assiste les clients dans leurs parcours de transformation numérique. Sa suite exclusive de propriété intellectuelle à la pointe de la technologie, dotée d’une orientation verticale et construite autour de secteurs clés, est utilisée par les clients pour accélérer leur croissance et rationaliser leurs processus. Avec l’acquisition de Humans4Help, Alan Allman Associates va pouvoir poursuivre le développement de ses capacités d’IA et d’automatisation, renforcer sa stratégie axée sur les marques fortes hyperspécialisées et étendre sa présence en Europe et en Afrique du Nord. « Technology Holdings a été pour nous un conseiller hors pair : ils ont fait preuve d’une compréhension inégalée des écosystèmes d’acheteurs de services d’automatisation, d’intelligence artificielle, de science des données et de technologies, et leur accès à des acheteurs et à des investisseurs stratégiques en France et à l’international s’est avéré exceptionnel. Nous sommes très heureux qu’ils nous aient aidés à trouver le bon partenaire stratégique avec Alan Allman Associates pour la prochaine phase de croissance de H4H, tout en tenant leur promesse de valeur et en faisant à chaque instant preuve d’un professionnalisme remarquable. Nous sommes reconnaissants à tous les membres de l’équipe de Technology Holdings pour leur diligence, leur dévouement et leur soutien tout au long du processus », a déclaré Lila Benhammou, fondatrice et PDG de Humans4Help. Vivek Subramanyam, fondateur et PDG de Technology Holdings, a confié pour sa part : « Nous sommes ravis d’avoir conclu cette transaction dans le domaine de l’IA et de l’automatisation. Il s’agit de notre 10e transaction dans le domaine de l’IA et de la science des données et de notre 6e transaction ServiceNow, ce qui souligne notre profonde expertise dans ce domaine. Il s’agit en outre de notre 10e transaction en France. Nous sommes satisfaits des résultats obtenus pour l’entreprise et enthousiasmés par les possibilités qui s’offrent à Humans4Help dans le cadre de sa collaboration avec Alan Allman Associates. » Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.
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The 7 Most Overvalued Buffett Stocks to Sell in March 2023
Warren Buffett's Berkshire Hathaway (NYSE: BRK.B ) stock didn't suffer much after posting big 2022 losses just a few weeks ago. But those losses do have investors wondering if it continues to be overvalued, and if so, where?
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Liberty Latin America, Ltd. (LILA) Q4 2022 Earnings Call Transcript
Liberty Latin America, Ltd. (NASDAQ:LILA ) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET Company Participants Aamir Hussain - Chief Technology and Product Officer Balan Nair - President & CEO Christopher Noyes - SVP & CFO Conference Call Participants Soomit Datta - New Street Research Operator Good morning, ladies and gentlemen, and thank you for standing by.
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These Are Warren Buffett's 12 Biggest Stock Mistakes This Year
Most S&P 500 stock investors own a few turkeys this year. And Warren Buffett is no exception.
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Why Liberty Latin America Stock Was Down on Wednesday
Sales were flat in the fiscal third quarter.
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Liberty Latin America, Ltd. (LILA) Q3 2022 Earnings Call Transcript
Liberty Latin America, Ltd. (NASDAQ:LILA ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Beverly Reyes - Vice President, Securities & Corporate Governance Counsel Balan Nair - President & CEO Christopher Noyes - SVP & CFO Naji Khoury - General Manager of Liberty Communications Aamir Hussain - Chief Technology and Product Officer Conference Call Participants Michael Rollins - Citi Kevin Roe - Roe Equity Research Cesar Medina - Morgan Stanley Soomit Datta - New Street Research Diego Aragao - Goldman Sachs Operator Good morning, ladies and gentlemen, and thank you for standing by.
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Liberty Latin America Schedules Investor Call for Third Quarter 2022 Results
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its third quarter 2022 results on Tuesday, November 8, 2022 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Time) on Wednesday, November 9, 2022. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call. Domestic 844 200 6205 International +1 929 526 1599 Conference Passcode 430342 To pre-register for this call, please go to the following link: https://www.netroadshow.com/events/login?show=6d35a656&confId=41417 You will receive your access details via email. In addition to the dial-in teleconference, a summary investor presentation and listen-only webcast will be available within the Investor Relations section of www.lla.com. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY LATIN AMERICA Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands BTC, Flow, Liberty, and Más Móvil. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects approximately 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com.
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Liberty Latin America and América Móvil Combine Their Chilean Operations, VTR and Claro Chile, to Create a New Joint Venture
DENVER, USA and MEXICO CITY, Mexico--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) and América Móvil S.A.B. de C.V. (“América Móvil” or “AMX”) (BMV: AMX, NYSE: AMX and AMOV) confirm that the Chilean National Economic Prosecutor's Office (FNE) has approved the announced agreement to combine their respective Chilean operations, VTR and Claro Chile, to form a 50:50 joint venture (the “JV”). The operators have met all contra
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Buy Liberty Latin America Ahead Of Massive Catalysts
Liberty Latin America's stock is just hated. The pessimism is way overdone, causing investors to miss a massive catalyst. The stock trades at a 7.5% FCF yield, but FCF/share is about to quadruple as the company unlocks synergies from recent M&A.
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Liberty Latin America to Present at the 2022 Goldman Sachs Communacopia + Technology Conference
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) will be presenting at the Goldman Sachs Communacopia + Technology Conference on Monday, September 12, 2022, at 3:00 p.m. Pacific Time. Liberty Latin America may make observations concerning its historical operating performance and outlook, as well as other forward-looking matters. The presentation will be webcast live at www.lla.com. We intend to arc
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Liberty Latin America Has Compelling Value
Liberty Latin America Ltd. ( LILAK , Financial)( LILA , Financial)( LILAB , Financial) is generating core free cash flow around 25% of its market value and buying back stock at all-time low prices as investors have sent shares plummeting due to the bear market and the strength of the U.S. dollar.
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Liberty Latin America, Ltd. (LILA) CEO Balan Nair on Q2 2022 Results - Earnings Call Transcript
Liberty Latin America, Ltd. (NASDAQ:LILA ) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Rocio Lorenzo - Chief Customer Officer Balan Nair - President & CEO Christopher Noyes - SVP & CFO Guillermo Ponce - SVP, South Central Markets Inge Smidts - SVP, our Caribbean markets Conference Call Participants Soomit Datta - New Street Research Kevin Roe - Roe Equity Research Matthew Harrigan - Benchmark Operator Good morning, ladies and gentlemen, and thank you for standing by.
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5 Warren Buffett Stocks Insiders Have Loaded Up On
According to current portfolio statistics, a Premium feature of GuruFocus, five stocks in Warren Buffett (Trades, Portfolio)'s first-quarter 13F equity portfolio with multiple insider buy transactions during the past six months include Liberty Latin America Ltd. ( LILA , Financial), General Motors Co. ( GM , Financial), Markel Corp. ( MKL , Financial), Floor & Decor Holdings ( FND , Financial) and HP Inc. ( HPQ , Financial).
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Liberty Latin America, Ltd. (LILA) CEO Balan Nair on Q1 2022 Results - Earnings Call Transcript
Liberty Latin America, Ltd. (NASDAQ:LILA ) Q1 2022 Results Conference Call May 5, 2022 8:30 AM ET Company Participants Mike Oliver - VP, Global Financial Reporting Balan Nair - President, CEO Christopher Noyes - SVP, CFO Guillermo Ponce - SVP, South Central Markets Conference Call Participants Mathieu Robilliard - Barclays Matthew Harrigan - Benchmark Soomit Datta - New Street Research Operator Good morning, ladies and gentlemen, and thank you for standing by.
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Liberty Latin America Schedules Investor Call for First Quarter 2022 Results
Denver, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its first quarter 2022 results on Wednesday, May 4, 2022 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Daylight Time) on Thursday, May 5, 2022. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call. Domestic 888 513 0931 International +1 236 714 4302 Conference Passcode 7816759 In addition to the dial-in teleconference, a summary investor presentation and listen-only webcast will be available within the Investor Relations section of www.lla.com. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY LATIN AMERICA Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC, and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects approximately 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com.
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Liberty Latin America Announces Date of 2022 Annual Shareholders Meeting
Denver, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) will hold its 2022 Annual Meeting of Shareholders (“AGM”) on Tuesday, May 17, 2022, at 8:00 a.m. Mountain Time (11:00 a.m. Bermuda Time) via a live audio-only webcast. Due to the ongoing COVID-19 pandemic, the AGM will be held virtually. LILA and LILAB shareholders as of 5:00 p.m. New York City time on the record date of March 22, 2022 (“Record Date”) will b
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Liberty Latin America: A Contrarian Pick
David Dreman (Trades, Portfolio), a well-known practioner of contrarian investing (and who wrote a couple of books on the subject), once said, "The success of contrarian strategies requires you at times to go against gut reactions, the prevailing beliefs in the marketplace, and the experts you respect. It's very hard to go against the crowd.
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Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q4 2021 Results - Earnings Call Transcript
Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q4 2021 Results - Earnings Call Transcript
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3 Wireless Stocks Likely to Ride on $1.2T Infrastructure Bill
The coronavirus-driven digital transformation and accelerated pace of 5G deployment should help the Zacks Wireless National industry thrive despite near-term chip shortages. T, USM and LILA are well-positioned to make the most of the current scenario.
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Liberty Latin America Ltd.'s (LILA) CEO Balan Nair on Q2 2021 Results - Earnings Call Transcript
Liberty Latin America Ltd.'s (LILA) CEO Balan Nair on Q2 2021 Results - Earnings Call Transcript
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Liberty Latin America Schedules Investor Call for Third Quarter 2021 Results
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its third quarter 2021 results on Tuesday, November 2, 2021 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Daylight Time) on Wednesday, November 3, 2021. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call. Domestic 800 309 1256 International +1 323 347 3622 Conference Passcode 374453 In addition to the dial-in teleconference, a summary investor presentation and listen-only webcast will be available within the Investor Relations section of www.lla.com. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY LATIN AMERICA Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects over 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com.
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América Móvil and Liberty Latin America to Combine Their Chilean Operations
DENVER, Colorado and MEXICO CITY, Mexico--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) and América Móvil S.A.B. de C.V. (“América Móvil” or “AMX”) (BMV: AMX, NYSE: AMX and AMOV) announced an agreement to combine their respective Chilean operations, VTR and Claro Chile, to form a 50:50 joint venture (the “JV”). Strategic Rationale & Value Creation The proposed transaction combines the complementary operations of VTR,
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Cable & Wireless Panamá to Acquire América Móvil's Panama Operations
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that its 49%-owned subsidiary Cable & Wireless Panamá S.A. (“Cable & Wireless Panamá” or “Más Móvil”), has agreed to acquire América Móvil S.A.B. de C.V.'s (“AMX”) operations in Panama (“Claro Panamá”). The all-cash transaction values Claro Panamá at an enterprise value of $200 million on a cash- and debt-free basis. This equates to a
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Liberty Latin America Improves Organic Growth And Expands In Costa Rica
Liberty Latin America has had a clear focus on growing the footprint through acquisitions over the last years. Organic growth of subscribers and revenue, however, has not been impressive.
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Liberty Latin America Limited (LILA) CEO Balan Nair on Q2 2021 Results - Earnings Call Transcript
Liberty Latin America Limited (LILA) CEO Balan Nair on Q2 2021 Results - Earnings Call Transcript
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Liberty Latin America Reports Q2 & H1 2021 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q2”) and six months (“YTD” or “H1 2021”) ended June 30, 2021. CEO Balan Nair commented, “Building on a strong start to the year, we continued to drive healthy subscriber additions in Q2 across both our fixed and mobile products. Fixed RGU additions of 73,000 in the quarter took our fi
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Liberty Latin America Receives Authorization From the President of Costa Rica to Acquire Telefonica's Costa Rican Operations
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) and Telefónica S.A. (“Telefónica”) in Costa Rica (“Telefónica Costa Rica”), announced today that the companies have received authorization from the Costa Rican President, Carlos Alvarado Quesada, for the sale of Telefónica's operations in Costa Rica to Liberty Latin America's 80% subsidiary, Cabletica. The Superintendent of Telecommunications (Sutel) also de
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Liberty Latin America Schedules Investor Call for Second Quarter 2021 Results
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its second quarter 2021 results on Wednesday, August 4, 2021 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Daylight Time) on Thursday, August 5, 2021. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call. Domestic 800 309 1256 International +1 323 347 3622 Conference Passcode 836245 In addition to the dial-in teleconference, a summary investor presentation and listen-only webcast will be available within the Investor Relations section of www.lla.com. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY LATIN AMERICA Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects over 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com.
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Liberty Latin America Releases Inaugural ESG Report
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today released its inaugural ESG report outlining the Company's commitment to environment, social, and governance (“ESG”) practices across its operations in Latin America and the Caribbean. The ESG report covers metrics for 2020 and is available on the Company's website here. Balan Nair, CEO of Liberty Latin America, said, “On behalf of all our emplo
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Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q1 2021 Results - Earnings Call Transcript
Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q1 2021 Results - Earnings Call Transcript
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Liberty Latin America Reports First Quarter 2021 Results
DENVER, Colorado--(BUSINESS WIRE)--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, 2021. CEO Balan Nair commented, “We had a strong start to the year as our focus on volume resulted in record Q1 RGU additions of 76,000, over 25% higher than the prior year, as well as continued recovery in our mobile operations. Overall, our markets are beginning
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Liberty Latin America Schedules Investor Call for First Quarter 2021 Results
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its first quarter 2021 results on Wednesday, May 5, 2021 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:00 a.m. (Eastern Daylight Time) on Thursday, May 6, 2021. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call. Domestic 800 309 1256 International +1 323 347 3622 Conference Passcode 354629 In addition to the dial-in teleconference, a summary investor presentation and listen-only webcast will be available within the Investor Relations section of www.lla.com. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY LATIN AMERICA Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC, UTS and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects over 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com.
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5 Stocks Warren Buffett and Bill Gates Agree On
According to the All-in-One Screener, a Premium feature of GuruFocus, the stocks commonly owned by Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway Inc. (NYSE:BRK.A)(NYSE:BRK.B) and Bill Gates (Trades, Portfolio)' Bill and Melinda Gates Foundation Trust are Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Liberty Global PLC (NASDAQ:LBTYA)(NASDAQ:LBTYK), Liberty Latin America Ltd. (NASDAQ:LILA)(NASDAQ:LILAK) and United Parcel Service Inc. (NYSE:UPS).
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Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q4 2020 Results - Earnings Call Transcript
Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q4 2020 Results - Earnings Call Transcript
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Liberty Latin America Reports Fiscal 2020 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q4”) and fiscal year (“2020” or “FY 2020”) ended December 31, 2020. CEO Balan Nair commented, “Operating and financial results for the group continued to improve in the seasonally strong fourth quarter. Our markets are steadily recovering from the adverse impacts of COVID-19, however
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Liberty Latin America Schedules Investor Call for Full-Year 2020 Results
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its full-year 2020 results on Sunday, February 28, 2021. You are invited to participate in its investor call, which will begin the following day at 8:30 a.m. (Eastern Standard Time) on Monday, March 1, 2021. During the call, management will discuss the Company's results and outlook for 2021, and may provide other forw
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Liberty Latin America: Robbery Of AT&T's Puerto Rico Assets Provides Perfect Setup To Deliver In 2021
Liberty Latin America's stock has been crushed by the COVID-19 pandemic; however, the underlying business is still producing positive cash flow.
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The 5 Fastest-Growing Buffett Stocks in 2021
Wall Street is expecting sales growth ranging between 18% and 89% for these Warren Buffett holdings.
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5 Warren Buffett Stocks To Buy For Under $25
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett is one of the world's richest people, with a net worth of around $86 billion. Unfortunately for small retail investors who want to follow in Buffett's footsteps, buying even one share of Berkshire Hathaway is rather pricey.
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Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q3 2020 Results - Earnings Call Transcript
Liberty Latin America Ltd. (LILA) CEO Balan Nair on Q3 2020 Results - Earnings Call Transcript
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Why Liberty Latin America (LILA) Stock is a Compelling Investment Case
Silver Ring Value Partners recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 6.9% for the last 12 months (net), underperforming its benchmark, the Russell 3000 Index which returned 15% in the same period. You should check out Silver Ring Value Partners' top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
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Liberty Latin America Reports Q3 2020 Results
DENVER, Colorado--(BUSINESS WIRE)--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 (“Q3”) and nine months (“YTD”) ended September 30, 2020. 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 dema
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WarnerMedia Parent AT&T Gets $1.95B Cash Closing Sale Of Some Wireless Assets To Liberty Latin America
AT&T said Monday it completed the sale of its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America, taking in $1.95 billion. The news came several weeks after the WarnerMedia parent got a $1.1 billion cash injection as it officially unloaded its stake in Central European Media to Czech...
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AT&T Closes Sale of Puerto Rico and U.S. Virgin Islands Operations to Liberty Latin America
DALLAS--(BUSINESS WIRE)--AT&T Inc. (NYSE: T) announced today that it has completed the sale of its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America. The transaction includes employees; network assets and spectrum; real estate and leases; customers, including more than 1 million wireless subscribers; and contracts. AT&T will retain DIRECTV and certain global business customer relationships and FirstNet responsibilities and relationships
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Liberty Latin America Schedules Investor Call for Third Quarter 2020 Results
DENVER, Colorado--(BUSINESS WIRE)--Liberty Latin America Ltd. (“Liberty Latin America” or the “Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced plans to release its third quarter 2020 results on Wednesday, November 4, 2020 after NASDAQ market close. You are invited to participate in its investor call, which will begin the following day at 8:00 a.m. (Eastern Standard Time) on Thursday, November 5, 2020. During the call, management will discuss the Company’s results and business, and may provide other forward-looking information. Please dial in using the information provided below, at least 15 minutes prior to the start of the call. Domestic 800 309 1256 International +1 323 347 3622 Conference Passcode 845009 In addition to the dial-in teleconference, a summary investor presentation and listen-only webcast will be available within the Investor Relations section of www.lla.com. The webcast will be archived in the Investor Relations section of the Company’s website for at least 75 days. ABOUT LIBERTY LATIN AMERICA Liberty Latin America is a leading communications company operating in over 20 countries across Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil, BTC, UTS and Cabletica. The communications and entertainment services that we offer to our residential and business customers in the region include digital video, broadband internet, telephony and mobile services. Our business products and services include enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions with customers ranging from small and medium enterprises to international companies and governmental agencies. In addition, Liberty Latin America operates a sub-sea and terrestrial fiber optic cable network that connects over 40 markets in the region. Liberty Latin America has three separate classes of common shares, which 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). For more information, please visit www.lla.com.
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