Liberty Latin America Ltd Stock Price, News & Analysis

Liberty Latin America (NASDAQ: LILAK and LILA) announced its 49%-owned subsidiary, Cable & Wireless Panamá, will acquire Claro Panamá from América Móvil for $200 million in an all-cash deal. This acquisition is expected to enhance operational coverage and customer experience in Panama, leveraging existing networks and innovation, particularly in 5G technologies. Claro Panamá generated $157 million in revenue for the fiscal year ending December 31, 2020, with 760,000 mobile subscribers as of June 30, 2021. The transaction is subject to regulatory approvals and expected to close in the first half of 2022.

Liberty Latin America reported robust Q2 2021 results, with revenues soaring to $1.2 billion and operating income increasing by 178% to $160 million. Mobile subscriber additions reached a record high of 118,000, while fixed services saw 73,000 new subscribers. Adjusted OIBDA grew by 40% to $464 million. The company upgraded its homes passed target to over 700,000 for the year, reflecting significant market penetration opportunities. Inorganic growth is bolstered by the upcoming acquisition of Telefónica Costa Rica's operations, enhancing service offerings in the region.

Liberty Latin America Ltd (NASDAQ: LILA, LILAK; OTC: LILAB) announced plans to release its second quarter 2021 results on August 4, 2021, after market close. An investor call is scheduled for August 5, 2021, at 8:30 a.m. EDT, where management will discuss the results and future outlook. The call can be accessed via a dedicated dial-in number and will be supplemented by a summary investor presentation. Liberty Latin America provides communication services across 20+ countries in Latin America and the Caribbean under various brands, including VTR and Flow.

Liberty Latin America Ltd. (NASDAQ: LILA, LILAK, OTC Link: LILAB) announced its Q1 2021 results, reporting $1.2 billion in revenue, a 25% increase year-over-year. The company added 76,000 RGUs, a 25% increase from last year, driven by strong performance in Puerto Rico and mobile operations. Adjusted OIBDA rose 23% to $449 million, with operating income reaching $178 million. The company successfully refinanced over $1 billion in debt, enhancing financial stability. Despite ongoing pandemic challenges, LLA anticipates improved regional conditions as vaccinations increase.

Liberty Latin America announced the appointment of Rocío Lorenzo as Senior Vice President and Chief Customer Officer effective August. Previously at BCG, she led the Telecommunications practice and was recognized as a top female business leader. CEO Balan Nair expressed confidence in her ability to enhance customer experience and drive operational excellence. Lorenzo will relocate to Panama to oversee customer experience teams, focusing on digital services, customer care, and commercial programming, aiming to strengthen the company’s position in the region.

Liberty Latin America announced that it will release its first quarter 2021 results on May 5, 2021, after the NASDAQ market closes. An investor call is scheduled for May 6, 2021, at 8:00 a.m. EDT, where management will discuss the results and provide forward-looking information. The company operates in over 20 countries across Latin America and the Caribbean, offering a variety of communication services, and trades under the symbols LILA, LILAK, and LILAB.

Liberty Latin America Ltd (NASDAQ: LILA, LILAK, LILAB) will host its 2021 Annual Meeting of Shareholders on May 12, 2021, at 8:00 a.m. Mountain Time. Due to COVID-19, the meeting will be virtual, and eligible shareholders as of March 22, 2021, can participate. LILAK shareholders can attend but cannot vote. Registration for the audio-only webcast is required by May 10, 2021. Liberty Latin America operates in over 20 countries, providing various communication and entertainment services under multiple brands.

Liberty Latin America Ltd. (NASDAQ: LILA, LILAK; OTC: LILAB) announced a restructuring of its executive team, eliminating the Chief Operating Officer role. Key leaders from Cable & Wireless, VTR, and Liberty Puerto Rico will report directly to CEO Balan Nair. New positions include a Chief Customer Officer and SVP for South-Central Markets, with Guillermo Ponce appointed to the latter role. Vivek Khemka becomes General Manager of VTR. Betzalel Kenigsztein takes charge of Cable & Wireless Panama, replacing Julio Spiegel, who will shift to VP of Government Affairs.