Liberty Global plc Stock News

The management and residents of the Sunbeam Boys Home in Spring Village, St Catherine have renewed enthusiasm and excitement about their online schooling thanks to an upgrade of their fixed internet service by the Flow Foundation. The Home was recently migrated to the company''s fibre fast network, which delivers a more reliable service at faster speeds, significantly more than what they previously had access to. The free upgrade was part of Flow''s corporate social responsibility commitment through its Mission Week initiative, which is spearheaded by parent company Liberty Latin America (LLA). Mission Week was celebrated between November 15-19 in all LLA markets and is driven by employee volunteerism as team members, supported by the company, donate their time, energy and knowledge to various causes in their communities. Flow also contributed a substantial allotment of food, personal hygiene, and sanitization products to the Home. Flow''s Vice President and General Manager and Chairman of the Flow Foundation, Stephen Price, shared that the objective of Mission Week is to make a positive impact on communities and people through employee volunteerism and resource support. "Mission Week represents our commitment to serve the communities in which we operate.

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With the pandemic continuing to change how the world operates, Flow Jamaica has continued to reap the fruits of its labour as it earned US$297.3 million ($44.60 billion) in revenue for the nine months and added more than 100,000 customers in the last year for its non-mobile business (fixed lines, internet and video). This performance is seven per cent higher than the 2020 comparison and well ahead of the US$287.6 million for the same period in 2019. Flow Jamaica made up eight per cent (US $100.6 million) of Liberty Latin America''s (LLA) US$1.19 billion revenue and 23 per cent of C&W Caribbean and Networks'' US$434.5 million revenue for the third quarter. LLA earned US $170.4 million in profit attributable to owners compared to a loss of US $658.3 million in the prior nine months. Flow Jamaica is 92 per cent owned by C&W. Due to the continued need for mobile services, Flow''s mobile subscriber base is up by 88,700 users this year to a record 1,081,000 users. This is the second-best year in recent history and is just behind 2019 when Flow added 139,000 users.

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