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, 2020, the company’s owned and operated networks passed 26,296,100 homes and served 26,093,600 revenue generating units (RGUs) consisting of 10,069,700 broadband internet subscribers, 8,360,400 video subscribers and 11,303,000 fixed-line telephony subscribers.
Moreover, as of Dec 31, 2020, Liberty Global served 8,537,600 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.
Further, in July 2018, the company completed the sale of its operations in Austria. Additionally, in January 2018, Liberty Global completed the spin-off of its Latin American and Caribbean operations into a new, independent, publicly-traded company, Liberty Latin America Ltd.
Revenues were $11.98 billion in 2020. As of Dec 31, 2019, Liberty’s reportable segments were U.K./Ireland (55% of revenues), Belgium (24.5%), Switzerland (13.1%) and Central and Eastern Europe (4.1%).