CFO, your financial highlights review follow half results will for a that, taking XXXX. of handing by you, and second will Thank I'll everybody get After welcome first Group we Noyes, with the to Liberty questions. to Chris before through results Mike. straight And of operating our company's our over you the America's performance. who to quarter and Latin presentations begin
joined them Team following as prepared region. always, get remarks. our As by I'll the involved from during my Executive the And across needed Q&A I'm
delivered you which recover second from in impacts at a Quarter set of following our the continued will quarter of RGU in can housekeeping, Slide X represented strong & adds website both of to performance. XX,XXX a Cable & in We slides, point markets XX,XXX be are www.lla.com. record we which Group a very results which Starting highlights. and was continue from a find of and subscribers. XX,XXX Wireless As X we the the working our execution. momentum our on record QX on COVID-XX. as Rico best performance, our quarter. again by strong done than drove XXX,XXX This ever In adds adding Networks Puerto replicated commercial first quarter, Caribbean had once higher where with was Mobile, new nearly Jamaica, Panama, the
revenue QX. strong rebased & by was quarter, delivered Panama QX up Networks XXXX, to was that basis, while C&W continued robust Caribbean in COVID-XX. double-digit OIBDA in operational recovery adjusted together with controls a X% Rico growth, another rebased which Our most cost a on rebased XX% on compared Puerto Liberty a resulted CNW drove focus quarter XX% impacted which growth of growth had disciplined rebased a also and
We which also focus. QX, grew our sequentially from and resiliency shows
deliver our are I'm with ever or XX% over homes, a our approximately passed following upgraded that or and increasing of XXX,XXX more active homes core build new target plans fiber-to-the-home. of our XXXX first to to most New than XXX,XXX strategy upgrade upgraded. are like half growth are we announce which new and element pleased now
Telefonica's the week acquisition operations. we of Finally, received Costa authorizations we have required announced to earlier this complete that Rican the
transaction We close shortly. very expect this to
second $X.X contributions with to third billion nearly the which each the our the for provided percentages of of contributed quarter, Note X, which highlights a revenue. we've Moving Starting through markets. shown. is in US market largest all dollar Slide and that for Rico, Group's revenue Puerto key single in market revenue relative
continue continue deliver penetration we increases, to Rico and Puerto as our broadband adds. growth strong healthy in to operations see We
free the look exciting generate the Mobile, growth of future an terms as flow integration In of Liberty from cash to well and significant this synergies progressing we in-market of driver is combination. remains
which Chile, to represents of LLA Moving QX. XX% in revenue
We are now stabilizing base, high by progressing on build the look and this growing speed selling into footprint. subscriber platform by here to our
competitor's on are also would concede give consumers to from rather taken, competitive we challenging we the matching have pricing. actions seeing Given and costs environment, savings some our are to managing our we very than any competitors. savings to focused our and are We subscribers
and travel easing of restrictions, remain. some still mobility international seeing we're restrictions while curfews Lastly,
of Rica, in will innovative, play the in-market mentioned, Costa as This market through shortly. very to synergies Next Telefonica's we will I good drive converged and scale acquisition where, business an close our consolidation. create
of restrictions As with some degree our of still are many place. markets, mobility in
driven Cabletica months XX performed However, consistently through demand. has growing the right by past broadband true in-home
in revenue Turning row the Panama, to contributed QX. XX% which bottom of Group's and
subscribers' Here in driven by plan. with severely Panama the momentum one COVID-XX. by continue Todito additions we Todo Mobile our QX, markets is most saw of the impacted
ability eased, of increase. expected However, to vaccines and the is restrictions mobility have
Jamaica, which and Networks the LLA the in market second quarter. is X% Next of revenue & largest represented C&W Caribbean
the hard which Here, we has the added XXX,XXX team. testament And seen launched. and our is rates. of the RGUs consumer have very of we propositions financial work subscribers, some a last mobile to and despite XX results months, the new relatively operating low XX,XXX acceptance have good In vaccination Jamaica
which of LLA's to QX revenue. contributed Moving X% Networks,
in and margin recent mentioned high has video bandwidth in business and dollar the we've a that As also mainly region. across increased is US benefited from applications this quarters, demand broadband
categorized a we've under both through LLA. expected markets the usage QX of what for Growth these penetration Caribbean just data C&W mobile are our quarter products. contributing and in revenues as and & Rest of for Networks higher fixed Lastly, representing Markets, in Other
further in currently and the of In negatively overall, recovery. broader an these increased Grouping second driver helping year, COVID-XX is Trinidad terms restrictions. of the the is and impacted is tourism the an markets visitors most the number economic in LLA for markets, important by backdrop, Of of anticipated half this
Turning reported from on higher losses Rico Chile, benefited growth in by the quarter, further the mentioned added activities The and The the higher as continue as year remaining the discounts customers we net operating half majority demand bringing the the XXX,XXX competitive, net Panama, where impacted of and our plans, XXXX. strong the The learning adds represented second double year. continue In the subscriber quarter, left, quarter, retention is plans. Group fixed or each to broadband such Taking Jamaica, in half had ARPU and cost period. a coming moving very year-over-year previous through to second increase to and base the adds prior as performance. our largest with under RGUs in remains penetration contribution working RGUs. footprint customers reporting the Barbados following In and market center Liberty in from another by that drive product on and prior of added Caribbean adapted Slide adds. we X,XXX improvements shown lifeline from grew RGU quarter. XX,XXX expansion Networks Puerto retention use lower focus XX,XXX home. with the its stabilizing we to in Starting and turn, slide. base RGUs customer we subscriber in just first nearly upper are segment in the to additions, X, subscriber of the with upper C&W year to and where Bahamas
in Our and last the another robust segment, had Costa development. XX,XXX shown adds of quarter ARPU right, good Rica upper with net
Networks. of XX,XXX adds QX strong delivered Panama we C&W by driven RGUs Caribbean Group, & a C&W As year-over-year improvements with and
per Group at X% customer on FX-neutral an year-over-year was Our ARPU basis. up $XX
Then to XX,XXX X, the Slide swing adds to subscribers Networks left, by into the the of added the of which in generated with a by QX its added net up subscribers growing compared Moving XXXX. Starting in Jamaica base segment & where quarter subscribers in in Panama, we quarter, the quarter, Mobile subs. C&W most the again record XXX,XXX and as XX,XXX most XX,XXX. upper again performance. Caribbean a
modestly grew its added unlimited the we subscriber base growth plan. Of mentioned, quarter. driven As Todo subscribers. Todito data saw our we this where postpaid Liberty by was in in XX,XXX Mobile improved note,
MVNO We quarter a XXXX. inclusion subscribers, the the Group, we a blended providing Mobile of market. the a an in service of In added existing ARPU and by in with QX postpaid XX% services aggregate as $XX. to X,XXX quarter. fixed Chile, Finally, as the a increase VTR player The in Mobile Mobile predominantly small lost subscribers record in subscribers driven operate in XXX,XXX is of year-over-year Liberty
the majority The center, recover a upper These the performance we Next the of Networks BXB operations, shows revenue. our side. of and LATAM business, X% BXB XX% break our where rebased have BXB as for approximately segments the to markets impacts out C&W operations. C&W to representing & total delivered in continue quarter, and BXB competitive across Caribbean the Group TACA of performance on markets, Panama. X total include Slide from Starting In growth robust positions. our year-over-year left Subsea stable COVID-XX. and graph of steadily the We with we performance
due and challenges tourism associated Caribbean there greater to cover year, revenue operate. we scope and to incumbent, to impacts local reduction, Our the these has BXB Panamanian over more on Due been reduce where faced the the economies past operations primarily have operations.
levels. pre-COVID yet are reach to we However,
a we brief update wanted the provide segments. on On our right of customer Slide, BXB this to
of XX% revenue approximately solutions. from working our improved driven This is economic our and benefits recovering and segment BXB shift represents by markets. business which segments, enterprise our in confidence to - remote First, well, associated visibility the
a BXB revenue mainly comprised about which wholesale, is Networks Second, of and and overall. quarter C&W represents of
drives business. As bandwidth this demands grow, our wholesale
SMB where medium This lastly, This most during to projects small is associated with new customer XX% levered provided the for increase group to to and innovation a represented approximately segment. XX% market services, has X% infrastructure. processes, is several also the come Third, projects directly It which this particularly government most related drive have a And BXB also overall. driver any Fourth, impacted be by been other to keeping BXB hospitality, growth about revenue. and of record digitalize contributed significant positively reduced will segment represents visitors. of which in BXB Panama, less arrivals. than in and revenue. has customer tourist or pandemic Digital businesses the
However, it worth overall. a represents it's BXB small that of amount noting
Starting Assets. activity overview upgrade Next Infrastructure with X, the our our of an to on and build and left new side. Slide
see are run operations in we overall energy proportion and the new all would up across year-to-date. is is across and under networks either our mobile a LTE. provide our to Slide, is it all XX% of our of the the from center Telefonica's as the network. be Rica snapshot other The largest footprint of that in technology when FTTH. required of markets. fixed we thought HFC experience a just helpful there takeaway X good and comes us Networks both and activity have is are In percentage by to lower fast our homes where our Here Mobile, or market costs greater markets. network growing our perspective element the our in In a Puerto of the And the technology ramp across minimum a This of stead provides markets LTE FTTH passed Rico XG fiber-to-the-home. time via our stand all also first key upgrade Costa points significant now and operating build year-over-year and virtually with evolution you efficiency, build can speeds will
and to highlight footprint Finally, key on the wanted Subsea our of right we of attributes. business side Slide, some the its
systems. a extensive differentiates more have Mesh we provide our improve solutions to submarine cable and with This Network Firstly, four our trunk ability network Unique economics. resilient
and the from currently room kilometers utilize relatively is grow XX% in our for Growth significant cable, our with with most across networks. have as US. of the lastly, capacity only to our is to we expected of low continue. region over this capital going XX,XXX we Caribbean And over Central America traffic extensive connectivity XX% in our to demand Secondly, network approximately the the at potential of investment,
of with Starting Slide initially strategic update to a first we pillar the Finally, recovery that presented in and and within growth. the February. XX, framework
key to in growth and growth. half, subscriber As all, free financial focus effective flow led metrics a cash with execution of first on covered cost driven adjusted combined this importantly strong disciplined management, operational most has operational earlier, the improvement
momentum build committed VTR. at to maintaining on operational and Looking this stabilization the to achieved ahead, we
pillar. commercial our to Second,
but propositions a looking As also resonating been has we been further Digital strong pandemic. the where ours, is half of an there on consumer results are improve, year are first the the I've always we covered, focus key operational This overall areas ahead can challenge has and and with execution navigate of momentum well. but positive. ongoing as
our that innovative traction network. play As are unique gaining introduce we innings we're the But our here. bundles as in we quad early are still to look forward, converged offerings
as and So we particularly more Puerto grow, Rica. have Costa in fixed combine scope and we to mobile Rico operations
looking as well And also self-installs this across for as experience better our are makes customer increase capital a We to spending. markets. much reduced
Network. our Third,
may operations & to existing Cost C&W of accompanied target focus FCC the as to majority available as investing fourth funds is were XXX,XXX in of benefits we as an established. deploy acquire in costs is This significant to our our our There networks We over integration be will help of exciting will upgrade our Disciplined margins of funding opportunity Caribbean ongoing and future be be Rico. municipalities via Puerto management homes helped our in but networks build our by internal will drive have were more has Group improve, across costs, Puerto now granted notably centralized wanted plan $XX.X and to to and this from upgrade towards related Rico. that to focus the streamline pillar to businesses in upgraded this pillar, enabling application combinations. volatility for that our Networks. million Panama our successful operations. such a This acquisition-related is some represents I we OIBDA addition XX drive XXX,XXX more new and raised XXXX. than area synergy In near-term mentioned, We fixed one. in also and continue This in fully to savings activity, new operations. our highlight synergies covering out locations XX Uniendo and
soon look value, good This allocation. region. potential an the returns. Group resumed public Liberty If capital activity. shareholder to quarter, own fair see we In-market close will key in is market that of our the take of. Mobile something accretive advantage to in such the also are opportunities a competency last acquisition in at consolidation for as Lastly, Costa of of to buyback our examples our we valuation and is and And Rican additional that driver opportunity of we we Telefonica's a see operations
Going are deals forward, we announced for in the the transactions region. drive similarly accretive synergies we and from about can excited the potential
Noyes, pass Financial With through capital over Chief you allocation Officer financial you before consistent will to Chris? Our and your remain approach we will performance our talk disciplined. that, I'll Chris questions. to our take
