Liberty Latin America Reports Q4 & FY 2024 Results
19 Feb 2025 inLiberty Latin America Reports Q4 & FY 2024 Results
- ~100,000 organic fixed and mobile subscriber net adds in 2024
- Robust revenue & Adj. OIBDA growth in C&W Caribbean, Panama & Costa Rica
- Puerto Rico remains challenged; rebuilding in 2025
- ~400,000 homes passed or upgraded using FTTH; 97% of footprint Gigabit-ready
- Successfully refinanced $3.3bn of C&W credit silo debt in last 6 months
Denver, Colorado - February 19, 2025: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating results for the three months (“Q4”) and twelve months (“YTD” and “FY”) ended December 31, 2024.
CEO Balan Nair commented, “In 2024, we made significant investments in our networks and products, driving broadband and postpaid mobile subscriber growth. Successful operational execution and a focus on cost efficiencies drove strong Adjusted OIBDA growth in C&W Caribbean, Panama and Costa Rica. In Puerto Rico, we had a challenging year as we completed our migration from AT&T's platforms and we now aim to pivot to a growth trajectory for this business.”
“We are committed to delivering leading services across our markets, and continue to invest in our fixed, mobile and subsea networks. By the end of 2024, 97% of our fixed networks were enabled to deliver speeds of at least 1Gbps compared to approximately 80% at the end of 2023, and we are ontrack to reach nearly 100% in 2025. In mobile, we expanded our coverage and capacity through upgrades and selective spectrum acquisitions. Finally, in subsea within Liberty Networks, we are progressing with plans to build new systems whilst investing in capacity upgrades across existing routes.”
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