Company Description
Liberty Latin America Ltd. (NASDAQ: LILA, LILAK; OTC Link: LILAB) is a communications company focused on Latin America and the Caribbean. According to the company’s public disclosures, it operates in more than 20 countries across the region under the consumer brands BTC, Flow, Liberty and Más Móvil. Liberty Latin America offers communications and entertainment services to residential and business customers, including digital video, broadband internet, telephony and mobile services. The company is incorporated in Bermuda and its Class C common shares trade on the NASDAQ Stock Market under the symbol LILAK.
Business model and services
Liberty Latin America’s activities are centered on providing connectivity and related services. For residential customers, the company’s offerings include digital video, broadband internet, fixed-line telephony and mobile services, as described in multiple company press releases. For business and government customers, Liberty Latin America reports that it delivers enterprise-grade connectivity, data center, hosting and managed solutions, as well as information technology solutions. These business services are aimed at customers ranging from small and medium enterprises to international companies and governmental agencies.
The company also reports operating a subsea and terrestrial fiber optic cable network that connects more than 30 markets in Latin America and the Caribbean. This network underpins both its consumer and business services and supports wholesale and enterprise connectivity across the region. Within its footprint, Liberty Latin America has identified operating segments such as Liberty Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico and Liberty Costa Rica in its financial updates.
Geographic footprint and brands
Liberty Latin America states that it operates in over 20 countries across Latin America and the Caribbean. Its consumer-facing services are delivered under regional brands including BTC, Flow, Liberty and Más Móvil. Through Liberty Caribbean (formerly named C&W Communications), which is part of Liberty Latin America, the group has operations in more than 20 markets across the Caribbean, delivering broadband, mobile, video and voice services to residential customers through the Flow and BTC brands. The company’s subsea and terrestrial fiber network connects more than 30 markets in the region, according to its public statements.
Customer segments
Based on company disclosures, Liberty Latin America serves two broad customer groups: residential users and business or institutional customers. Residential customers use the company’s digital video, broadband internet, telephony and mobile services. On the business side, Liberty Latin America reports that it serves small and medium enterprises, larger international companies and governmental agencies. Through its B2B operations, including Liberty Business within Liberty Caribbean, the company provides enterprise-grade connectivity, cloud, security and data center services to businesses and governments.
Network and infrastructure
Liberty Latin America highlights its subsea and terrestrial fiber optic cable network as a core asset. This network connects more than 30 markets across Latin America and the Caribbean and supports a range of services, including wholesale capacity, enterprise connectivity and backhaul for consumer broadband and mobile offerings. In addition, Liberty Latin America has disclosed that Liberty Networks achieved revenue growth driven by subsea capacity, underscoring the role of this infrastructure in its operations.
The company has also described fixed network and wireless spectrum assets in Puerto Rico as part of the collateral for a secured financing facility, illustrating its ownership and use of network infrastructure in that market. Across its operating segments, Liberty Latin America has reported investments in fixed and mobile infrastructure and subsea cable systems to support future recurring revenue.
Operating segments
In its financial reports, Liberty Latin America presents results for several operating segments:
- Liberty Caribbean – Includes operations across Caribbean markets, with services delivered under brands such as Flow and BTC. The company has highlighted mobile and fixed residential revenue, business-to-business (B2B) services and cost-efficiency programs within this segment.
- C&W Panama – Focused on operations in Panama, with revenue contributions from mobile, fixed residential and B2B services. The company has noted performance in mobile and B2B project revenue in this segment.
- Liberty Networks – Concentrates on subsea and terrestrial network services, wholesale capacity and enterprise connectivity across the region. Liberty Latin America has reported that subsea capacity revenue has supported growth in this segment.
- Liberty Puerto Rico – Covers communications operations in Puerto Rico and, in some disclosures, the U.S. Virgin Islands. The company has discussed mobile and fixed residential revenue, B2B services and cost reduction initiatives in this segment.
- Liberty Costa Rica – Encompasses operations in Costa Rica, with a focus on mobile and fixed services and growth in postpaid mobile subscribers and mobile equipment sales.
Corporate structure and listings
Liberty Latin America is incorporated in Bermuda, as indicated in its SEC filings, and has three separate classes of common shares. According to company press releases and SEC documents, these are traded as follows: Class A shares under the symbol “LILA” on the NASDAQ Global Select Market, Class C shares under the symbol “LILAK” on the NASDAQ Global Select Market, and Class B shares under the symbol “LILAB” on the OTC Link. The company’s SEC filings identify it under Commission File Number 001-38335 and an Internal Revenue Service employer identification number associated with Bermuda incorporation.
Recent themes from company communications
Liberty Latin America’s recent public communications have emphasized several themes. The company has reported growth in postpaid mobile subscribers and broadband customers in various segments, as well as initiatives focused on cost reduction and operating leverage. It has also highlighted B2B revenue trends, including project-related revenue and enterprise demand, and the role of subsea capacity in Liberty Networks.
In addition, Liberty Latin America has described its response to natural disasters in the Caribbean, such as Hurricane Melissa in Jamaica, where it has worked through Liberty Caribbean and partners to provide emergency connectivity and humanitarian aid. The company has also disclosed collaborations with satellite providers to deliver emergency mobile connectivity via satellite when terrestrial networks are disrupted.
Regulatory reporting
Through its SEC filings, Liberty Latin America provides information on operating and financial results, financing arrangements and governance matters. Recent Form 8-K filings have covered topics such as quarterly financial results, secured credit agreements tied to network and spectrum assets, and performance-based equity awards for senior leadership. These filings also confirm the company’s status as a non-emerging growth company and provide details on its share classes listed on the NASDAQ Stock Market.
FAQs about Liberty Latin America Ltd. (LILA)
- What does Liberty Latin America Ltd. do?
Liberty Latin America is a communications company that operates in more than 20 countries across Latin America and the Caribbean. It offers digital video, broadband internet, telephony and mobile services to residential customers, and provides enterprise-grade connectivity, data center, hosting, managed solutions and information technology services to business and government customers. - Where does Liberty Latin America operate?
According to the company, Liberty Latin America operates in over 20 countries across Latin America and the Caribbean. Its services are delivered under brands such as BTC, Flow, Liberty and Más Móvil, and its subsea and terrestrial fiber optic cable network connects more than 30 markets in the region. - What brands are associated with Liberty Latin America?
Liberty Latin America’s consumer brands in the region include BTC, Flow, Liberty and Más Móvil. Through Liberty Caribbean, which is part of Liberty Latin America, the company delivers broadband, mobile, video and voice services to residential customers via the Flow and BTC brands. - How is Liberty Latin America organized for reporting purposes?
In its financial disclosures, Liberty Latin America reports results across segments that include Liberty Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico and Liberty Costa Rica, as well as a corporate category. Each segment reflects operations in specific markets or network-focused activities. - On which exchanges are Liberty Latin America’s shares traded?
Liberty Latin America states that it has three classes of common shares. Class A shares trade on the NASDAQ Global Select Market under the symbol “LILA,” Class C shares trade on the NASDAQ Global Select Market under the symbol “LILAK,” and Class B shares trade on the OTC Link under the symbol “LILAB.” - What types of business customers does Liberty Latin America serve?
The company reports that its business products and services are used by small and medium enterprises, international companies and governmental agencies. Through divisions such as Liberty Business within Liberty Caribbean, it provides enterprise-grade connectivity, cloud, security and data center services to these customers. - What network infrastructure does Liberty Latin America operate?
Liberty Latin America operates a subsea and terrestrial fiber optic cable network that connects more than 30 markets across Latin America and the Caribbean. This infrastructure supports wholesale capacity, enterprise connectivity and the delivery of consumer broadband and mobile services. - Is Liberty Latin America involved in emergency or disaster response?
In its news releases, Liberty Latin America has described actions taken following Hurricane Melissa in Jamaica, including working with the Liberty Caribbean Foundation to airlift humanitarian and technical supplies and collaborating with Starlink Direct to Cell to provide emergency mobile connectivity when terrestrial networks are affected. - What is Liberty Caribbean and how does it relate to Liberty Latin America?
Liberty Caribbean, formerly named C&W Communications, is part of Liberty Latin America. It is described as a communications and technology provider with operations in more than 20 markets across the Caribbean, delivering broadband, mobile, video and voice services to residential customers through the Flow and BTC brands and providing enterprise-grade connectivity, cloud, security and data center services to businesses and governments. - Where is Liberty Latin America incorporated?
SEC filings identify Liberty Latin America Ltd. as a Bermuda company, with its jurisdiction of incorporation listed as Bermuda and its Class C common shares registered on the NASDAQ Stock Market under the symbol LILAK.
Stock Performance
Latest News
SEC Filings
Financial Highlights
Upcoming Events
Short Interest History
Short interest in Liberty Latin America (LILA) currently stands at 453.2 thousand shares, down 16.9% from the previous reporting period, representing 0.3% of the float. Over the past 12 months, short interest has decreased by 48.9%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Liberty Latin America (LILA) currently stands at 1.3 days, down 27.5% from the previous period. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.6 days.