Welcome to our dedicated page for Liberty Latin America news (Ticker: LILA), a resource for investors and traders seeking the latest updates and insights on Liberty Latin America stock.
Liberty Latin America reports developments across a regional communications business serving residential, business and government customers in Latin America and the Caribbean. Its updates commonly cover digital video, broadband internet, fixed-line telephony and mobile services under the BTC, Flow, Liberty and Más Móvil brands, along with enterprise connectivity, data center, hosting, managed solutions and IT services.
Company news also addresses operating results by market and business line, mobile postpaid trends, fixed customer activity, B2B and B2G demand, subsea and terrestrial fiber projects, and cloud or ICT partnerships. Other recurring themes include capital allocation, share ownership developments, board governance and network recovery or expansion initiatives across its regional footprint.
Liberty Latin America (NASDAQ: LILA, LILAK; OTC Link: LILAB) will release its full-year 2020 financial results on February 28, 2021. Investors can join the call on March 1, 2021, at 8:30 a.m. EST, where management will discuss results and the outlook for 2021. The call can be accessed via domestic and international numbers provided in the announcement. A summary investor presentation and a listen-only webcast will also be available on their Investor Relations section for at least 75 days.
Liberty Latin America (NASDAQ: LILA) reported its Q3 and YTD 2020 financial results, showing signs of recovery post-COVID-19. The company added over 100,000 subscribers across its segments, marking record quarterly additions. Revenue for Q3 was $888 million, down 8% year-over-year, while Adjusted OIBDA was $360 million, a decline of 5%. Mobile growth resumed in C&W markets, although Chile faced challenges with higher churn. The acquisition of AT&T assets is expected to enhance market position and cash flow. The balance sheet remains strong with significant liquidity and extended maturities.
Liberty Latin America Ltd (NASDAQ: LILA) will conduct its 2020 Annual Meeting of Shareholders (AGM) virtually on December 3, 2020, at 8:00 a.m. MT. Shareholders as of October 14, 2020, can vote on proposals, while Class C shareholders (LILAK) can attend but not vote. The AGM's audio-only webcast will be accessible to registered shareholders. Liberty Latin America operates in over 20 countries, offering digital video, broadband, and telephony services, along with enterprise-grade solutions.
Liberty Latin America completed its acquisition of AT&T's wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands on October 31, 2020. The deal, valued at $1.95 billion, strengthens Liberty Latin America's position as a leading integrated provider in the region. CEO Balan Nair emphasizes the transaction's benefits for consumers and businesses through enhanced product offerings and superior customer service. This acquisition aligns with Liberty's inorganic growth strategy, focusing on delivering value to customers, shareholders, and employees.
Liberty Latin America Ltd (NASDAQ: LILA) has reached a consent judgment with the U.S. Department of Justice regarding the acquisition of AT&T’s operations in Puerto Rico and the U.S. Virgin Islands. The DOJ's clearance is contingent upon Liberty divesting certain B2B operations in Puerto Rico. Liberty expects to finalize the acquisition on October 31, 2020, while AT&T retains its FirstNet responsibilities. This strategic acquisition aims to enhance Liberty's service offerings in the Caribbean and Latin America.
Liberty Latin America Ltd (NASDAQ: LILA) plans to release its Q3 2020 results on November 4, 2020, after NASDAQ market close. An investor call will be held on November 5, 2020, at 8:00 AM EST. During the call, management will discuss the results and may share forward-looking information. The call can be accessed via domestic and international dial-in numbers provided. A webcast and summary investor presentation will also be available on the company’s website for at least 75 days.
Liberty Latin America Ltd (Nasdaq: LILA and LILAK, OTC Link: LILAB) announced the successful preliminary results of its rights offering, which concluded on September 25, 2020. The company received subscription requests exceeding the available 49,019,607 Class C common shares. At a subscription price of $7.14 per share, gross proceeds are expected to reach approximately $350 million before expenses. Final results of the rights offering will be disclosed on or about October 2, 2020.