Market Overview

Cable & Wireless Reports Preliminary Q2 2018 Results

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29,000 Fixed RGU Additions Supported By Network Upgrades/Expansion

Cable
& Wireless Communications
Limited ("C&W") is a leading
telecommunications operator in its consumer markets, which are
predominantly located in the Caribbean and Latin America, providing
entertainment, information and communication services to 3.3 million
mobile, 0.6 million internet, 0.6 million fixed-line telephony and 0.4
million video subscribers. In addition, C&W delivers B2B services and
provides wholesale services over its sub-sea and terrestrial networks
that connect over 40 markets across the region.

Operating highlights1:

  • Organic fixed RGU additions of 29,000 in Q2 2018, driven by product
    and service enhancements and continued network upgrade and expansion.
    • Broadband RGU additions of 11,000.
      • Significantly higher than prior-year period driven by (i)
        improved performance in Jamaica, where we added 4,000 RGUs
        through increased penetration in our upgraded network and (ii)
        Panama, where we continued to promote our Mast3r packages
        supporting 4,000 additions.
      • Rolling out enhanced in-home connectivity for subscribers
        through our WiFi "Connect Box", now installed across over 20%
        of our broadband subscribers.
    • Video RGU additions of 8,000, our best quarterly performance since
      Q2 2016.
      • Momentum building as network expansion / upgrades and product
        enhancements, such as "Flow Evo", drove quarterly additions.
        Jamaica had a particularly strong quarter, adding 5,000 video
        RGUs.
      • Following the launch of Flow Evo in January and other platform
        improvements, we have seen NPS gains across C&W's largest
        video markets including Trinidad, Jamaica and Barbados.
    • Fixed-line telephony RGU additions of 10,000, driven by our
      successful bundling strategy.
  • Mobile subscribers declined by 89,000.
    • This was primarily driven by prepaid losses in Panama (51,000) and
      Jamaica (16,000) and mainly the result of competitive factors and
      a more targeted approach to promotional activity.
    • In the Bahamas, competitive intensity continued to drive
      subscriber declines, totaling 10,000 in Q2, as compared to a loss
      of 24,000 in Q2 2017.
  • New build and upgrade initiatives delivered over 40,000 premises in Q2
    and over 80,000 YTD.

The full fixed income release for C&W Communications can be found on its
parent company's website: www.lla.com/ir

C&W Footnote

1.   With the exception of the presentation of SOHO RGUs, subscriber
statistics are generally presented in accordance with Liberty Latin
America's policies. SOHO subscribers have not been included in C&W's
RGU counts pending further verification.
 

About C&W Communications

C&W is a full service communications and entertainment provider that
delivers market-leading video, broadband, telephony and mobile services
to consumers in 18 countries. Through its business division, C&W
provides data center hosting, domestic and international managed network
services, and customized IT service solutions, utilizing cloud
technology to serve business and government customers.

C&W also operates a state-of-the-art submarine fiber network – the most
extensive in the region.

Learn more at www.cwc.com,
or follow C&W on LinkedIn,
Facebook
or Twitter

About Liberty Latin America

Liberty Latin America is a leading telecommunications company operating
in over 20 countries across Latin America and the Caribbean under the
consumer brands VTR, Flow, Liberty, Más Móvil and BTC. The
communications and entertainment services that we offer to our
residential and business customers in the region increasingly include
combinations of services comprised of digital video, broadband internet,
telephony and mobile services. Our business products and services
include enterprise-grade connectivity, data center, hosting and managed
solutions, as well as information technology solutions with customers
ranging from small and medium enterprises to international companies and
governmental agencies. In addition, Liberty Latin America operates a
sub-sea and terrestrial fiber optic cable network that connects over 40
markets in the region.

For more information, please visit www.lla.com

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