The Latin American dream is off to a precarious start to 2018 for Liberty Global, as its newly spun off company, Liberty Latin America, reported widespread pay TV losses. The results come at a time when the operator is slimming down operations in Europe where saturation points are nearing, in favor of pastures new in emerging markets where it can repeat the process of building up market share, and then selling assets to keep shareholders happy. Liberty Latin America will be rethinking its strategy after losing 21,000 video subscribers in the fourth quarter, but with Balan Nair as CEO, the former CTO at Liberty Global responsible for the successful Horizon TV service, an aggressive video-focused plan of action should be…