PartnershipAug 5, 2026, 04:45 PM
Liberty Latin America Partners Amdocs for 10-Year IT Deal
AI Summary
Liberty Latin America announced a 10-year strategic engagement with Amdocs to manage its IT ecosystem, aiming to accelerate innovation, enhance customer experience, and achieve over $250 million in net present value (NPV) cost savings. Concurrently, the company reported its Q2 2026 financial results, with revenue increasing 1% year-over-year to $1,103 million and Adjusted OIBDA growing 5% to $436 million. Operating income significantly improved to $181 million from a loss in the prior year. The company also gained 45,000 postpaid and broadband net additions, completed a $500 million preferred stock distribution, and accelerated share repurchases to over $60 million year-to-date.
Key Highlights
- Entered 10-year strategic partnership with Amdocs for IT ecosystem management.
- Amdocs partnership expected to deliver over $250 million in NPV.
- Q2 2026 revenue increased 1% YoY to $1,103 million.
- Q2 2026 operating income was $181 million, up from a $333 million loss YoY.
- Q2 2026 Adjusted OIBDA grew 5% YoY to $436 million.
- Gained 45,000 postpaid and broadband net additions in Q2.
- Accelerated share repurchases to over $60 million year-to-date in 2026.
- Declared a quarterly preferred dividend of $0.5625 per share.
Price Impact
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