Furthermore, following the deconsolidation of Ziggo on December 31, 2016, the company ended last year with 6.7 million next generation subscribers. This represented 38% of its total video base, excluding DTH, in Europe.
Liberty Global had 946,100 organic RGU net additions in 2016, a 24.5% increase year-on-year. Meanwhile, its revenues, at $14,594 million and excluding Ziggo, were 3.3% up year-on-year and operating income $2,482 million up 18.1% year-on-year.
In his comments on the results, CEO Mike Fries said: “Looking ahead, we will continue to enrich our bundled portfolios with compelling 4G mobile offers and the addition of new content and functionality, including the launch of Netflix across our footprint. We will also expand the deployment of exciting new products like our 4K cloud-based set-top and our WiFi Connect Box. Also, in late 2017, we will start field trials of the unrivaled DOCSIS 3.1 technology, whichwill provide gigabit speeds”.