Company Operations and Market Presence - The company operates in Puerto Rico, Panama, Costa Rica, Jamaica, and other parts of Latin America, providing broadband, video, telephony, and mobile services[32]. - The company is the largest provider of mobile and fixed-line high-speed broadband and video services in several markets, indicating strong market share[34]. - The company has a total of 1,637,200 homes passed in the Liberty Caribbean segment, with 741,900 customer relationships[39]. - In C&W Panama, there are 995,100 homes passed and 281,000 customer relationships, contributing to a total of 1,991,100 mobile subscribers[39]. - The company operates an extensive subsea and terrestrial fiber optic cable network connecting over 30 markets, enhancing its service delivery capabilities[33]. Revenue Generating Units and Customer Relationships - As of December 31, 2025, the total Revenue Generating Units (RGUs) reached 6,794,000, with 4,692,600 in fixed-line services and 3,920,400 in mobile services[39]. - The total customer relationships stood at 1,834,900, with 1,022,900 in fixed-line services and 862,400 in mobile services[39]. - The company experienced a reduction of approximately 136,000 RGUs due to Hurricane Melissa, impacting 65,000 fixed-line telephony, 57,000 broadband internet, and 14,000 video subscribers[39]. Service Offerings and Technology - The company has a diverse service offering across the Caribbean and Latin America, including mobile, broadband, video, and fixed-line telephony services[59]. - The company aims to leverage its full-service product suite to enhance fixed-mobile convergence offerings[32]. - The maximum download speed offered for broadband internet services is 1,000 Mbps across multiple markets, enhancing customer connectivity options[57]. - The company is transitioning to VoIP technology for telephony services, replacing older systems to improve service quality[74]. - Video service offerings are being enhanced with next-generation digital platforms, allowing for features like DVR and on-demand content access[69]. Infrastructure and Network Development - Approximately 170,000 homes were upgraded or passed as part of the Network Extension programs during 2025, indicating ongoing investment in infrastructure[65]. - Liberty Networks operates close to 35,000 kilometers of submarine fiber optic cable with an activated capacity of over 50 Tbps, allowing for significant data traffic management[79]. - Over 97% of Liberty Networks' broadband communications network is capable of delivering speeds of 1 Gbps or above, following upgrades to DOCSIS 3.1 and FTTH technologies[86]. - Liberty Networks has entered into an asset purchase agreement with EchoStar to acquire spectrum assets in Puerto Rico and USVI, which is expected to close in September 2024[90]. Regulatory Environment and Compliance - The company is subject to various risks, including economic conditions, regulatory changes, and competition, which could impact future performance[30]. - Liberty Networks operates under various regulatory licenses and concessions, which are subject to renewal processes in multiple jurisdictions, including Anguilla and Trinidad and Tobago[99]. - The Electronic Communications Bill in ECTEL states may have a material adverse impact on Liberty Caribbean's operations, with implementation expected to be complex and time-consuming[106]. - The company is subject to universal service obligations, ensuring access to basic telecommunication services at minimum quality standards across its markets[109]. Customer Retention and Competitive Strategy - The company aims to enhance customer retention and minimize churn by offering bundled services, which include discounts for selecting multiple services[71]. - The company focuses on offering converged services, including video, internet, fixed telephony, and mobile, as a key component of its growth strategy[160]. - Liberty Caribbean is experiencing a trend towards lower interconnection rates in its markets, with regulators setting maximum rates for telephony services and interconnect charges[101]. - The competitive landscape includes significant pressure on pricing due to competition from companies like Digicel and Claro in various markets[180]. Employee and Corporate Social Responsibility - As of December 31, 2025, the company employed approximately 9,000 full-time employees across its segments, with a total employee attrition rate of approximately 21% during 2025[178]. - The company reported that women represent 40% of its global employees and managerial positions, highlighting its commitment to diversity[178]. - In 2025, over 930 employees contributed nearly 7,500 volunteer hours through the company's Mission Week initiative, demonstrating its commitment to corporate social responsibility[185].
Liberty Latin America(LILAK) - 2025 Q4 - Annual Report