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The impact of the breaks in WACS and SAT-3 is zero to FMT customers, as its network was designed to ensure resilience to survive a disruption of this nature.
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| 06 May 2021
What is being claimed a successful continued execution of its convergence strategy and ‘robust’ consumer appetite for broadband and converged products has led to strong first quarter results from global media company Liberty Global with its UK subsidiary showing particular strength.
For the quarter ended 31 March 2021, revenue increased 25.7% year-on-year to $3.6153 billion with Q1 net earnings leaping 41.5% on an annual basis to $1.440 billion. Adjusted EBITDA increased 18.9% on a reported basis compared with Q1 2020, but down 1.7% on a rebased basis, to $1.367 billion.
The company’s fixed mobile convergence campaign was also gaining momentum in the quarter with FMC penetration increasing to 29% from 23% in Q1 2020. The company reported that it had built 113,000 new premises during Q1, including 80,000 in the UK and Ireland.