Liberty Global says it achieved its full-year guidance targets at Telenet and Virgin Media O2, while VodafoneZiggo delivered “stable revenue”.
CEO Mike Fries admitted that the challenging environment meant there were some difficult prior year comparisons in Q4.
In particular, VodafoneZiggo saw its broadband base contract by 30,200 in the quarter amid continued promotional intensity in the Dutch market. The consumer fixed customer base declined, and bundle revenue was lower. However, there was an increase in the number of subscribers to the ZiggoSport channel.
In neighbouring Belgium, Telenet delivered a return to positive broadband net adds of 3,200, supported by the nationwide launch of the BASE FMC offer in June last year.
Virgin Media grew consumer fixed revenue as its customer base increased, but mobile revenues decreased. The success of its fibre operations in the UK has led Liberty Global to return to the markets for further investment in both the UK and Belgium.
Across Liberty Global, Q4 revenue increased 9.7% year-on-year to $1,123.2 million.
Q4 revenue increased 9.7% year-on-year to $1,123.2 million.
