LatAm2006v7.qxp_latam 20/06/2016 15:06 Page 1
AdvancedTelevision
LatAm
Market Briefing 2016
Liberty Global: “LatAm
business thriving”
able MSO Liberty Global’s Latin America operations are
thriving on all fronts, according to CEO Mike Fries,
reporting the company’s Q1 figures
At March 31, 2016, Liberty Global provided a total of 3.5m
subscription services to its 1.7m unique customers across its cable
footprint of 4.2m homes passed within Chile and Puerto Rico. From a
product perspective, these services consisted of 1.3m video, 1.3m
broadband Internet and 0.9m telephony subscriptions.
“With 13 new HD channels added in Q1, we remain the leader in Chile
offering the most HD channels of any fixed-line provider. Looking ahead
to the second half of 2016, we are preparing for the introduction of
Horizon TV, our next-generation video platform,” said the company.
For the three months ended March 31, 2016, LiLAC Group revenue
increased 6% year-over-year to $304m. The principal drivers of reported
growth for Q1 were the inclusion of Choice in Puerto Rico and Liberty
Global’s organic revenue growth, partially offset by the negative impact of
the 12% decline of the Chilean Peso against the US dollar during the
quarter.
“Our LiLAC business in Latin America and the Caribbean is thriving
on all fronts - operationally, financially and strategically. We had an
excellent start to the year with continued
subscriber gains, fuelled once again by our
market-leading broadband speeds, as well as
solid ARPU growth. These results helped drive
rebased top-line and OCF growth of 6 per cent
and 11 per cent, respectively, and we are
confirming all of our LiLAC guidance targets for
full-year 2016,” advised Fries.
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