Liberty Global Plc is an international provider of video, broadband internet, fixed-line telephony, mobile and other communications services to residential customers and businesses in Europe.
As of Dec 31, 2021, the company’s owned and operated networks passed 7,477,100 homes and served 9,389,500 revenue generating units (RGUs) consisting of 4,129,700 fixed-line customers, 3,473,300 video subscribers, and 3,427,100 broadband internet subscribers.
Moreover, as of Dec 31, 2020, Liberty Global served 5,689,900 mobile subscribers.
The company provides residential and business telecommunication services in (i) the United Kingdom and Ireland through Virgin Media (ii) Belgium through Telenet Group Holding, a 57.7%-owned subsidiary, and (iii) Switzerland, Poland and Slovakia through UPC Holding.
Moreover, Liberty Global has 50% non-controlling interest ownership in VodafoneZiggo, which provides residential and business-to-business communications services in the Netherlands.
The company divested a number of assets in the past couple of years. In July 2019, Liberty Global completed the sale of its operations in Germany, Romania, Hungary and the Czech Republic to Vodafone. Moreover, in May, the company completed the sale of its direct-to-home satellite (DTH) operations to M7 Group, which served customers in Hungary, the Czech Republic, Slovakia and Romania.
On November 11, 2020, Liberty Global completed the acquisition of Sunrise Communications Group AG (Sunrise) through the settlement of the all-cash public tender offer to acquire all of the outstanding shares of Sunrise (the Sunrise Acquisition).
On June 1, 2021, Liberty Global and Telefónica, S.A. (Telefónica) completed a transaction (the U.K. JV Transaction).
On September 1, 2021, the company contributed certain assets and liabilities to a newly-formed 50:50 joint venture (the Atlas Edge JV) that was established for the purpose of acquiring and commercializing European technical real estate for edge colocation and hosting services and sold certain other assets to the Atlas Edge JV.
Revenues were $10.311 billion in 2021. As of Dec 31, 2021, Liberty’s reportable segments were Switzerland (32.2%), U.K./Ireland (31.9% of revenues), Belgium (29.7%), and Central and Eastern Europe (6.3%).