Liberty Latin America kicks off with losses | Cable | News | Rapid TV News
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Liberty Latin America has published its first report, showing pay-TV losses across almost every market.

liberty latam 16 feb 2018These were largest in Puerto Rico, where the new Liberty division saw a 10% decrease in pay-TV subscriptions during the last quarter of 2017. The telco lost nearly 23,000 subs between September to December 2017.

Across other LATAM and Caribbean markets, the losses were, for the most, slight. In Chile, VTR lost 1,300 pay-TV homes, but held a solid position as pay-TV market leader with 1.07 million households. In fact, VTR is the strongest video operation of Liberty Latin America, accounting for over 60% of the total pay-TV customers.

In Central America and the Caribbean, Cable & Wireless video closed the quarter on the up, adding 3,200 video homes, but very different performances have been reported from each market.

Only Jamaica, Barbados and Bahamas managed to increase its subscriber base, while pay-TV operations delivered losses in Panama, the largest Central American C&W market, as well as Trinidad and Tobago.

“In addition to the organic growth potential in our existing markets, we also see a significant consolidation opportunity across a fragmented region where we can leverage our scale to drive synergies and improve operating performance. Our recently announced acquisition in Costa Rica is a clear example of the high-quality assets available in the region and the potential for us to add value through the application of our operating model,” said CEO Balan Nair.