LONDON, UNITED KINGDOM--(BUSINESS WIRE)--
The rollout of “GigaCities” across Europe by the leading converged video, broadband and communications company, Liberty Global, is accelerating with the launch of Gigabit broadband speeds throughout Switzerland, Brussels and Flanders in Belgium, as well as the UK.
The announcements – by Virgin Media in the UK, Telenet in Belgium and UPC Switzerland, enabled by their partnership with parent company Liberty Global – come hot on the heels of 12 GigaCity deployments in Poland and three in Slovakia earlier this year.
It means that millions of Liberty Global GigaCity customers now have access to 1 Gigabit broadband speeds, allowing them to download an Ultra High Definition 4K film at a dramatically higher rate, and use multiple streaming devices at the same time. It opens up a world of possibilities, including cloud-based gaming, 8K streaming, remote health telemonitoring and advanced telepresence, which could enable consumers to go ‘virtual reality shopping’ or watch live broadcasts of holographic sports events.
Today, Virgin Media is bringing next-generation broadband to Southampton, making it the first city in the UK where Virgin customers can access 1 Gigabit speeds. Last week, Telenet, Liberty Global’s consumer brand in Belgium, launched Gigabit speeds across Flanders and Brussels, expanding the network to more than 3 million connectable houses and businesses in the region.
Liberty Global’s Swiss operating company, UPC Switzerland, also launched 1 Gigabit speeds across its entire footprint last week, both in cities and rural areas. As a result, more than 75 percent of all Swiss households can benefit from the deployment.
Mike Fries, CEO, and Liberty Global, said: “Once again, we are creating the next-generation of broadband in Europe. Our latest GigaCity rollouts show that we are the speed leader, but that’s just the start – security, reliability and privacy are just as important as fast broadband.”
The new rollouts follow 12 Polish cities, including Warsaw, Kraków and Gdańsk, and three cities in Slovakia, where Liberty Global has made Gigabit connections available at scale. More GigaCities are set to launch in the coming months and throughout 2020, as Liberty Global continues to lead the revolution of superfast internet across Europe.
By providing ultra-high capacity, reliable, secure, resilient and low latency networks, GigaCities will unlock significant economic growth. According to research from international management consulting firm, Arthur D. Little, the innovation spurred by the widespread availability of Gigabit speeds are estimated to deliver between €250-660 billion of economic value per year in Europe by 2025.
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the world’s leading converged video, broadband and communications companies, with operations in six European countries under the consumer brands Virgin Media, Telenet and UPC. We invest in the infrastructure and digital platforms that empower our customers to make the most of the digital revolution. Our substantial scale and commitment to innovation enable us to develop market-leading products delivered through next-generation networks that connect 11 million customers subscribing to 25 million TV, broadband internet and telephony services. We also serve 6 million mobile subscribers and offer WiFi service through millions of access points across our footprint.
In addition, Liberty Global owns 50% of VodafoneZiggo, a joint venture in the Netherlands with 4 million customers subscribing to 10 million fixed-line and 5 million mobile services, as well as significant investments in ITV, All3Media, ITI Neovision, LionsGate, the Formula E racing series and several regional sports networks.
For more information, please visit www.libertyglobal.com.
Copyright Business Wire 2019