- Liberty Latin America is in a phase of growth-through-acquisition in Puerto Rico and the US Virgin Islands. Closing of the acquisition of Telefónica Costa Rica assets is expected this year.
- The company has some success in selling additional fixed line services in the footprint, adding organic volume growth. A remaining challenge, though, is to grow ARPU across services and geographies.
- The Q1 2021 report shows that the ARPUs are rising YoY, but a closer inspection reveals that this is due to inclusion of the acquired Puerto Rico subscribers.
- Growth-through-acquisition in Costa Rica will again drive the business in 2021, while organic growth has far less impact. It remains to be seen if the ARPUs can grow.
For further details see:
Volume Over Value With Liberty Latin America On An Acquisition Spree