Virgin Media O2 was a single bright spot for Liberty Global as the company reported losses of over a quarter of its customers.
Switzerland clawed back 2,800 subscribers in the fourth quarter of 2022, having lost 4,000 across the year. Belgium seeped 23,500 in the year to December 31, 2022 while Ireland lost 10,700 and Slovakia 6,300.
While no part of fixed mobile convergence was untouched, Liberty Global CEO Mike Fries said there remained an “ever-increasing demand across our footprint for reliable access to high-quality fixed and mobile connectivity”.
Q4 adjusted EBITDA decreased 13.4% year-on-year to $597.3 million.
Fries highlighted the formation of the nexfibre joint venture in the UK, extending VMO2’s footprint to 80% of the UK, the FTTH agreement with Fluvius in Belgium and the start of FTTH overlay in Ireland.
Virgin Media O2 also accelerated its Lightning build in 2022. The Liberty-Telefonica JV put on 57,000 broadband customers in 2022. Video subscribers were not reported in the UK market.
