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Liberty Global lowers cash flow guidance for 2017 on soft UK

Monday 8 May 2017 | 09:32 CET | News
Liberty Global reported revenue in Europe down 2 percent year-on-year in the first quarter to USD 3.519 billion, pulled down by the deconsolidation of operations in the Netherlands after the creation of the VodafoneZiggo joint venture, the strong US dollar against the weaker the British pound and lower organic revenue growth. The company recognised USD 31.5 million of revenue from the VodafoneZiggo joint venture. Revenues for Western Europe declined almost 20 percent to USD 3.218 billion, with UK operations showing a 10.8 fall and Switzerland/Austria down 2.2 percent. Belgium lifted 8.4

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Categories: Fixed
Companies: Liberty Global
Countries: Europe
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