Liberty Latin America reports losses in Q417

Liberty Latin America has published its first quarterly report. In Q417, the company reported losses of USD 148 million for the full year, “primarily driven by increases in impairments and depreciation and amortization, which were partially offset by higher OCF”, said the report.
Q4 revenue were USD 850.1 million, which represented a decrease of 8% compared to Q416, due to the negative impact of Hurricanes Irma and Maria. Annual revenue were USD 3.6 billion (+31.8%). The 2017 reported growth was primarily driven by the acquisition of C&W in the second quarter of 2016, said the company in the report.
Liberty Latin America had fixed RGU losses of 31,000 in Q4 2017. The largest drop was registered in Puerto Rico, where the subscriber base fell by 65,000 in Q4. “This figure represents the net number of subscribers that disconnected from our services during the quarter”.
Cable & Wireless added 30,000 RGUs during Q4, including 21,000 broadband and 6,000 fixed telephony RGUs. In turn, VTR added 4,000 RGUs. The Chilean operator lost 1,300 video RGUs and 12,100 telephony RGus buy added 17,100 broadband RGUs.
Liberty reached a total of 5.2 million RGus, of which 2.1 million were broadband RGUs, 1.7 million video RGUs and 1.4 million fixed telephony RGUs. VTR owns the group’s main pay TV operation with 1.07 million video subscribers at the end of Q417. It also registered 1.18 million broadband clients and 628,400 telephony subs.