The following is a summary of the Liberty Latin America Ltd. (LILA) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Liberty Latin America reported Q3 adjusted OIBDA of $403 million, up 4% sequentially, though revenue declined on a rebased basis by 4% year-over-year, directly affected by organic reductions and natural disasters such as Hurricane Beryl.

• P&E additions stood at $171 million or 16% of revenue in Q3, while adjusted FCF before partner distributions was $77 million.

Business Progress:

• The company added over 50,000 high-speed broadband and postpaid mobile subscribers year-to-date, driving rebased revenue growth in various segments except Puerto Rico.

• Launched 5G services in Panama, evidence of technological leadership in the market.

• Announced a new pan-regional subsea cable system partnership with Sparkle, enhancing infrastructure capabilities.

• Liberty Puerto Rico is recovering from severe subscriber losses due to a complex migration project, with significant improvements noted in post-migration sales and customer sentiment.

Opportunities:

• Liberty Latin America's continual investment in technology upgrades such as 5G and new subsea cable systems will enable it to meet growing cloud and AI demands and expand its market penetration.

• The acquisition and integration of Claro's mobile business in Panama and Telefonica's in Costa Rica have bolstered market positions, enabling stronger converged services.

Risks:

• The recovery in Puerto Rico is slower than expected, affecting overall financial performance. The complexity of the AT&T integration and unexpected migration challenges have led to significant subscriber and revenue loss.

• Revenue was negatively impacted by natural events such as Hurricane Beryl, influencing both subscriber numbers and service availability.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.