Welcome to our dedicated page for Liberty Latin America news (Ticker: LILAK), a resource for investors and traders seeking the latest updates and insights on Liberty Latin America stock.
Liberty Latin America Ltd. (NASDAQ: LILAK) is a communications company with operations across more than 20 countries in Latin America and the Caribbean. News about LILAK often centers on its digital video, broadband internet, telephony, and mobile services, as well as enterprise-grade connectivity, data center, hosting and managed solutions, and information technology solutions provided to business and government customers.
Company news releases regularly cover quarterly financial and operating results, including revenue trends, Adjusted OIBDA performance, and developments across its segments such as Liberty Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rica. These updates highlight metrics like broadband and postpaid mobile subscriber additions, fixed-mobile convergence penetration, and B2B project activity.
Liberty Latin America also issues news related to network investments and infrastructure, including subsea and terrestrial fiber optic cable systems that connect more than 30 markets in the region. In addition, the company has reported on responses to major weather events affecting its Caribbean operations, describing efforts to repair and rebuild communications infrastructure and collaborations with satellite communications providers to support emergency connectivity.
Governance and capital markets developments, such as board changes, financing activities at operating subsidiaries, and plans for investor calls to discuss quarterly results, are also common themes in Liberty Latin America’s news flow. Investors and observers following LILAK news can use this page to review company announcements on operating performance, segment updates, network initiatives, and other material events disclosed through press releases and related communications.
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.
Liberty Latin America reported Q4 2020 revenue of $1.1 billion, a 12.6% increase from Q4 2019, owing in part to the acquisition of AT&T entities. Despite this growth, FY 2020 revenue decreased by 2.6% to $3.8 billion, significantly impacted by COVID-19, particularly in mobile and B2B sectors. Adjusted OIBDA for Q4 rose 4.8% to $428 million, with a 36% growth observed in Liberty Puerto Rico. The company aims for a 30% increase in adjusted free cash flow in 2021 and plans to upgrade 600,000 homes, although it faces challenges from negative foreign exchange impacts and industry competition.
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.