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Q2 & H1 2021 RESULTS LIBERTY LATIN AMERICA LIBERTY LATIN AMERICA Liberty Latin America Reports Q2 & H1 2021 Results Operating momentum with ~ 190,000 fixed and mobile subscribers added in Q2 Strong growth across key financial metrics as markets recover from COVID - 19 ~ 360,000 homes passed / upgraded YTD , full - year target raised to over 700,000 Expect to close acquisition of Telefónica Costa Rica's operations by mid - August Denver , Colorado - August 4 , 2021 : Liberty Latin America Ltd. ( " Liberty Latin America " or " LLA ” ) ( NASDAQ : LILA and LILAK , OTC Link : LILAB ) today announced its financial and operating results for the three months ( " Q2 " ) and six months ( " YTD ” or “ H1 2021 " ) ended June 30 , 2021 . CEO Balan Nair commented , " Building on a strong start to the year , we continued to drive healthy subscriber additions in Q2 across both our fixed and mobile products . Fixed RGU additions of 73,000 in the quarter took our first half performance to 149,000 , nearly twice the amount we added in H1 2020. In mobile , we reported a best ever quarter for the group with 118,000 subscriber additions , compared to losses in the prior year where we experienced the initial impacts of COVID - 19 . These results are particularly encouraging as our markets continue to be affected to varying degrees by the pandemic and are yet to fully recover . " " There is a clear opportunity to increase penetration of fixed services across our markets , led by broadband , and during H1 we added or upgraded approximately 360,000 homes with fiber technologies , representing our highest ever six - month period of activity . I'm pleased to confirm our new target for the year of over 700,000 homes to be added or upgraded while maintaining our guidance for P & E additions as a percentage of revenue at approximately 18 % . We remain committed to bringing high - speed connectivity to more customers in the region . " " The group reported $ 1.2 billion in revenue , $ 160 million of operating income , and $ 464 million in Adjusted OIBDA in the second quarter . We delivered operating income growth of 178 % , reported Adjusted OIBDA growth of 40 % , and double - digit rebased Adjusted OIBDA growth of 10 % , as our largest markets returned to pre - COVID levels , with the exception of VTR where we are stabilizing performance following a challenging period last year . In addition to a strong performance compared to the prior - year quarter , which was our weakest financially since the pandemic began , revenue and Adjusted OIBDA were also higher sequentially , evidencing continued progress . " " Our first half cash flow from operations and Adjusted Free Cash Flow were $ 444 million and $ 93 million , respectively , representing solid growth over the prior - year period as we continue to focus on improving cash generation . During the quarter , we recommenced share repurchases under our previously announced program . " " Our inorganic strategy is an important driver of stakeholder value and we are excited to have received the required authorizations to acquire Telefónica Costa Rica's operations , with closing to follow shortly . The transaction will create an innovative converged provider in the country . Combined with our fixed business , Cabletica , we plan to deliver added value to customers through expanded product offerings , state - of - the - art infrastructure , and outstanding customer service levels . " " As we enter the second half of 2021 , we are focused on maintaining our positive momentum through the delivery of compelling consumer propositions across our expanding fixed footprint . Our organic opportunity is bolstered by last year's acquisition of Liberty Mobile in Puerto Rico and the upcoming addition of Telefónica Costa Rica's operations , with the respective in - market combinations expected to generate significant synergies and improved full - service product suites . " 1