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. reports telecommunications developments across Latin America and the Caribbean, where it serves residential, business and government customers under the BTC, Flow, Liberty and Más Móvil brands. Recurring updates cover digital video, broadband internet, fixed-line telephony, mobile services, customer additions, revenue trends, operating income and Adjusted OIBDA across segments such as C&W Caribbean, Liberty Networks, C&W Panama, VTR, Liberty Puerto Rico and Liberty Costa Rica.
Company news also covers enterprise connectivity, data center, hosting, managed and IT solutions, as well as subsea and terrestrial fiber network projects connecting regional markets. Other recurring themes include mobile postpaid growth, fixed-mobile convergence, 5G investment, cloud and ICT collaborations, network restoration after severe weather, board changes and investor-call announcements for financial results.
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.