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Liberty Global sales growth under pressure in Q2 from weak UK, mobile markets

Tuesday 8 August 2017 | 08:23 CET | News
Liberty Global reported slow sales growth in Europe for a second quarter, hurt by weakness in mobile markets, the UK and Switzerland. Underlying revenues were up just 1.6 percent year-on-year to USD 3.664 billion, and reported revenue fell 18 percent due to the deconsolidation of its Dutch activities. The company said Virgin Media was hurt by discounts and slow sales, but the impact should start to lessen from Q4. 

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Categories: Fixed
Companies: Liberty Global / Virgin Media
Countries: Europe
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