Liberty Global sees “a number of interesting infrastructure opportunities on the horizon and will look at strategic options for our content investments”, according to company CEO Mike Fries.
Commenting on the company’s latest results, he added that Liberty’s balance sheet remains in “great shape” with $4.3 billion of cash (pro forma for around $600 million of net cash proceeds expected from the sale of UPC Poland) and $5.9 billion of total liquidity (pro forma for UPC Poland).
Liberty lost a total of 5,200 subscribers in its continuing European operations – Switzerland, Belgium, Ireland and Slovakia, but excluding the UK – in Q4 2021, compared to a gain of 34,000 in the same period a year earlier.
Its revenues amounted to $638.3 million, compared to a loss of $1,022.9 million in Q4 2020, while its adjusted EBITDA was 46.8% lower at $689.9 million.
Broadband TV News notes that Liberty is in the process of selling UPC Poland to France’s Iliad.
The transaction, worth PLN7 billion (€1.55 billion), is expected to close in the first half of this year.
