Liberty Global says its residential cable revenue fell by 0.1% to $1,902.1 million across its European territories after falls in revenue in Switzerland, Belgium and the UK & Ireland.
This contrasts with the 5.2% year-on-year increase in mobile revenues to $429.9 million. Switzerland was the leading light for UPC this quarter, while there was also growth in Central & East Europe (see separate story), where Poland and Slovakia added 35,000 new RGUs between them to 13,500 customers.
Overall, full-year operating income decreased 11.2% year-on-year to $745.5 million;
In Belgium, Telenet recorded Q4 losses of 7,000 customer relationships was a significant year-over-year improvement as compared to a loss of 21,000 in Q4 2018, primarily driven by successful quad-play bundles and end-of-year promotional campaigns
And in Switzerland subscriber erosion of 23,000 in the fourth quarter represents a strong year-over-year improvement, primarily driven by lower churn.
The operator says Q4 volumes are generally impacted by annual billing cycles.