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Liberty Global revenue growth slows to 3% in Q4
2015-02-13 08:44:00| Telecompaper Headlines
(Telecompaper) Liberty Global reported fourth-quarter revenues up 3 percent year-on-year to USD 4.6 billion, as its takeover of Dutch operator Ziggo in November helped offset negative currency effects. The cable company also added 315,000 revenue-generating units on an organic basis in the quarter, for a total 55.9 million at year-end. The growth came mainly from broadband services, with 240,000 subscribers added in the three months and 905,000 in the past year, for a total 17.3 million. Liberty lost 35,000 TV subscribers in Q4 and 223,000 in the full year, slowing the rate of decline to finish the year with a total 24.3 million. Its connected set-top box Horizon counted 914,000 subscribers, and 68 percent of video customers were using digital TV. At the end of 2014, the company provided an average 2.04 services to each customer, and 60 percent of subscribers took more than one service. It also had 4.5 million mobile subscribers, up 11 percent year-on-year, and Liberty said it plans to launch more mobile services in 2015. Liberty Global reported 4 percent in operating cash flow to USD 2.1 billion in the quarter. Organic growth was also 4 percent, led by the UK and Germany. Liberty said it expects to achieve mid single-digit growth in organic OCF in 2015, in line with the 5.5 percent increase last year.
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liberty
Category:Telecommunications