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Liberty
Global president, CEO Mike Fries said, “These gains helped
drive our second consecutive quarter of more than five per
cent rebased revenue growth. As we expected, rebased OCF growth
was modestly below our first quarter result at 2.5 per cent
for Q2, which should represent the low point for the year.
We remain committed to driving free cash flow growth, with
Adjusted FCF increasing 19 per cent year-to-date to $466 million
compared to the same period last year.”
Providing
guidance for the full year, the company said that as it moved
into Q3 and Q4, it expected to generate accelerating rebased
OCF growth due largely to the strong volume growth achieved
during the first six months, as well as margin expansion in
Germany.
“Product
innovation remains a core focus of ours as we strengthen our
leadership position in digital video products and services.
We intend to roll out our next-generation Horizon video platform
in the Dutch market next month, followed by Switzerland in
Q4. On the wireless front, we launched our 4G mobile service
in Chile in mid-May. Although it’s still early, we are
very encouraged by the traction that we are getting from existing,
as well as new customers," said Fries.
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