Liberty Latin America Reports Q3 2023 Results

• Added 44,000 net organic internet and postpaid mobile subscribers
• Delivered operating income of $163 million, up 7% YoY
• Expanded Adjusted OIBDA to $428 million; rebased growth of 10%
• Repurchased $112 million in equity and convertible notes
• Announced acquisition of spectrum and subscriber assets in PR & USVI for $256 million

Denver, Colorado - November 9, 2023: 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 (“Q3”) and nine months (“YTD”) ended September 30, 2023.

CEO Balan Nair commented, “We drove subscriber growth in the third quarter as we continued to execute our commercial strategies. All of our reporting segments delivered higher broadband subscribers, and we added or upgraded over 100,000 homes passed in Q3. Postpaid mobile adds were again driven by our market leading operation in Costa Rica, as well as continued growth across C&W Caribbean markets.”

“LLA reported $1.1 billion in revenue, $163 million of operating income, and $428 million in Adjusted OIBDA in the third quarter. Together with modest top-line growth and the benefits of synergy realization and efficiency initiatives, four of our five operating segments delivered double-digit rebased Adjusted OIBDA growth in the quarter, which propelled us to achieve accelerated 10% rebased Adjusted OIBDA growth. This is LLA’s best quarterly result in 2 years.”

“Importantly, we continue to make progress on our integration and with the migration of mobile subscribers in Puerto Rico and the USVI. To date, we have migrated approximately 225,000 subscribers and just launched sales efforts for prepaid products on our new platform. Our latest postpaid offerings are also gaining traction with iPhone 15 sales and shipments exceeding the iPhone 14 launch by more than 50%. And our fixed services year-to-date revenue growth is at 5%, which bodes well for when we are able to sell a bundled offering in 2024.”