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PRESS RELEASE LIBERTY GLOBAL Liberty Global Reports Q2 2021 Results U.K. JV with Telefónica's 02 closed in June , integration underway Converged national champions now complete in our four key markets FMC strategy added ~ 140k broadband & postpaid mobile subscribers in Q2 Announcing full fiber upgrade plan for existing U.K. footprint to extend speed leadership position Received non - binding offer to acquire 100 % of UPC Poland at 9.3x 2021E Adjusted EBITDA Committed to repurchasing 10 % of market capitalization annually for next three years , 2021 buyback authorization increased by $ 400m Denver , Colorado : July 29 , 2021 Liberty Global plc today announced its Q2 2021 financial results . CEO Mike Fries stated , " With the closing of the Virgin Media O2 joint venture during the second quarter , the converged national champions in our four key markets are collectively positioned to deliver unparalleled scale , competitive strength and strategic optionality across the footprint . Virgin Media O2 is a powerful combination , bringing together two iconic brands , two world - class networks , and a combined customer base of 54 million subscribers , all of whom are just beginning to find out how committed we are to powering the U.K.'s recovery and creating unbeatable choice for data - hungry consumers . Our advanced fiber and 5G networks connected 87 million¹ subscribers across Europe at June 30 , currently generating consolidated annual revenue of more than $ 7 billion² , while our joint - ventures in the U.K. and the Netherlands produce combined annual revenue of more than $ 17 billion³ . As a result , we provide our shareholders unmatched exposure to the leading FMC platforms across Europe , with further upside potential from our global Ventures effort . This portfolio encompasses more than 50 investments across technology , content and infrastructure , including strategic stakes in such companies as Plume , ITV , Lionsgate , Univision and the Formula E racing series . Meanwhile our core operating assets are driving significant Adjusted Free Cash Flow growth , as we look to create additional value through adjacencies and by consistently applying our levered equity strategy to supercharge growth in free cash flow per share . We saw a return to rebased revenue growth in all core markets in Q2 driven in large part by COVID recovery in sports and advertising but also encouragingly through underlying organic growth as we continue executing our convergence strategy . As a result , we added 139,000 consolidated broadband and postpaid mobile subscribers during the quarter , including 42,000 at Virgin Media ( U.K. ) during April and May . Meanwhile in Switzerland , we have identified an additional CHF 50 million of synergies at Sunrise UPC ( along with an associated CHF 100 million increase in costs to capture5 ) , which are now targeted at run - rate CHF 325 million with an NPV of CHF 3.7 billion versus our original expectation for run - rate synergies of CHF 275 million with an NPV of CHF 3.1 billion . 1