Strong Postpaid Subscriber Growth
Liberty Latin America added over 100,000 postpaid net adds across the group, marking the strongest quarter of postpaid additions in 3 years.
Revenue and OIBDA Growth
The company reported $1.1 billion in revenue and adjusted OIBDA of $433 million, reflecting a rebased year-over-year growth of 7%.
Successful Cost Initiatives
There was a 22% expansion in adjusted OIBDA less P&E additions year-over-year, leading to a margin of 26%, due to effective cost management.
B2B Revenue Expansion
B2B revenue in the Cable & Wireless Panama segment expanded 33% sequentially and 14% year-over-year.
Launch of 5G in Barbados
The company successfully launched 5G in Barbados, the second market in their Liberty Caribbean segment to offer this service.
Liberty Networks Revenue Growth
Liberty Networks achieved a revenue growth of 6% year-over-year, driven by strong performance in wholesale and enterprise segments.
Parametric Insurance Payout
The company expects to receive $81 million from their parametric insurance program to cover damages from Hurricane Melissa.