BASE, CWC acquisitions fuel 11.1% revenue growth for Liberty Global

5 Aug 2016

UK-based multinational cable and telecoms group Liberty Global reported total revenue of USD5.07 billion in the three months ended 30 June 2016, up from USD4.57 billion in the corresponding period of 2015. Turnover from Liberty’s European operations increased 5.1% year-on-year to USD4.47 billion, with the inclusion of BASE in Belgium offsetting the negative impact of foreign exchange movements. Similarly, Liberty completed the acquisition of Cable and Wireless Communications (CWC) in May 2016, nearly doubling revenue from its Latin American LiLAC division from USD311.4 million to USD602.9 million.

The group counted a total of 53.88 million revenue generating units (RGUs) across its European operations, up from 52.85 million in Q2 2015, including 22.51 million video RGUs (22.82 million in June 2015), 17.11 million broadband RGUs (16.37 million) and 14.26 million telephony RGUs (13.65 million). Customer relationships were flat year-on-year, leading to a slight increase in RGUs per customer from 2.05 to 2.09. Liberty also claimed a total of 6.74 million mobile subscribers in Europe at the end of June 2016.

Its LiLAC division, meanwhile claimed a total of 3.84 million wireless users, having added 3.71 million in the period under review via the acquisition of CWC. Other LiLAC RGUs totalled 5.44 million, compared to 3.46 million a year earlier, including 1.74 million video RGUs (1.29 million in Q2 2015), 2.01 million broadband RGUs (1.29 million) and 1.69 million telephony RGUs (888,000).

United Kingdom, Liberty Global (incl. LGI)