Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 13

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 13
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 to the net effect of (i) higher ARPU from prepaid mobile services, (ii) lower average numbers of prepaid mobile subscribers, and (iii) higher average numbers of postpaid mobile subscribers. The decrease in prepaid mobile subscribers is mainly driven by the impact of churn related to the migration of customers to our network following the Claro Panama Acquisition. This decrease was partially offset by the addition of customers to our base following the exit of a competitor from our market, which positively impacted both our prepaid and postpaid base. The increase in prepaid mobile ARPU is primarily due to higher ARPU packages offered to customers.

(d)The increase is primarily due to higher volumes of handset sales.

(e)The decrease is primarily due to the net effect of (i) lower revenue from government-related projects and (ii) higher revenue from fixed and managed services, primarily broadband internet services.

II-9

Liberty Networks. Liberty Networks’ revenue by major category is set forth below:

 Year ended December 31,Increase (decrease) 20242023$% in millions, except percentagesB2B revenue:Enterprise revenue$131.1 $118.5 $12.6 10.6 Wholesale revenue 316.4 334.8 (18.4)(5.5)Total $447.5 $453.3 $(5.8)(1.3)

The details of the changes in Liberty Networks’ revenue during 2024, as compared to 2023, are set forth below (in millions):

Increase in enterprise revenue (a)$9.9 Decrease in wholesale revenue (b)(20.0)Total organic decrease(10.1)Impact of FX4.3 Total$(5.8)

(a)The increase is primarily attributable to the net effect of (i) growth in managed services, (ii) higher B2B connectivity revenue, and (iii) a decrease associated with sales-type leases on CPE installed on long-term customer solutions, due mostly to a higher mix of contracts recognized on a net basis.

(b)The decrease is primarily due to (i) lower amortized prepaid capacity and operating and maintenance revenue driven by the cancellation of prepaid capacity contracts in prior periods, (ii) a decrease in non-recurring revenue related to a sales-type lease recognized during 2023 and (iii) a net decrease in revenue associated with the recognition of deferred revenue and penalties upon the termination or modification of prepaid capacity contracts during 2023 and