LILA Earning Date, Transcript Summary & Report

Subscriber Growth Milestone: We have added over 50,000 high-speed broadband and postpaid mobile subscribers year-to-date.

Strong Customer Additions: This figure was a robust 225,000 adds, excluding Puerto Rico, where we have begun to recover following our complex migration project.

Adjusted OIBDA Report: We reported adjusted OIBDA of $1.2 billion year-to-date.

Credit Refinancing Success: We successfully refinanced $1 billion of our Cable & Wireless credit silo senior notes last month.

Inorganic Growth Strategy: We continue to explore inorganic ways to drive shareholder value and are excited to provide more details regarding an investment that we've been cultivating in Peru.

Revenue Decline, OIBDA Growth: Reported revenue was 3% lower at $1.1 billion and adjusted OIBDA grew by 4% to $403 million in the third quarter.

Revenue Decline Analysis: The sequential decline in reported revenue from Q2 was driven by lower revenue in Cable & Wireless, partly due to the impact of Hurricane Beryl in the quarter and in Panama and Liberty Networks related to lower project revenue and less IRU accelerations, respectively.

OIBDA Growth Challenges: Adjusted OIBDA growth was driven by improvement in Puerto Rico and Panama, but year-over-year revenue was 4% lower on a rebased basis and adjusted OIBDA declined by 6%.

Revenue and OIBDA Decline: Revenue was 4% lower on a rebased basis and adjusted OIBDA declined by 6%.

Mobile Revenue Decline: Mobile revenue declined by 22% on a rebased basis, driven by lower mobile subscriber base following disruption related to the migration of customers and lower equipment sales related to reduced volumes for the iPhone 16 launch in September compared to the iPhone 15 in the previous year.