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PRESS RELEASE LIBERTY GLOBAL Liberty Global Reports Q3 2021 Results Strong demand for connectivity driving sustained volume growth , added 266k¹ aggregate broadband and postpaid mobile subscribers in Q3 New FMC portfolios launched in the UK and Switzerland ; integration and synergy plans in both markets progressing well Network strategies steadily advancing with over 80 % of fixed footprint actively marketing 1 Gbps broadband , new network plans announced in Belgium and Ireland Upgrading FY'21 Full Company² Adjusted Free Cash Flow guidance On track for full - year share repurchases of $ 1.4 billion Denver , Colorado : November 3 , 2021 Liberty Global plc today announced its Q3 2021 financial results . Effective with the release of our third quarter earnings we have stopped using the term Operating Free Cash Flow ( " OFCF " ) and now use the term " Adjusted EBITDA less P & E Additions " . As we define the term , Adjusted EBITDA less P & E Additions has the same meaning as OFCF had previously , and therefore does not impact any previously reported amounts . CEO Mike Fries stated , “ Q3 marked the first full quarter of operations for all four of our converged national champions , as we continue demonstrating strong commercial momentum across the group . Operationally , we added 266,000¹ aggregate broadband and postpaid mobile subscribers during the quarter driven by continued execution of our convergence strategies . In the UK and Switzerland , we remain on track with our integration and synergy plans , while recently introducing new FMC portfolios at both Virgin Media O2 and Sunrise UPC . Virgin Media O2's VOLT campaign builds on its rapidly growing gigabit - ready footprint and 5G coverage across the UK . In Switzerland , our new Sunrise We bundles allow customers to benefit from the best broadband connectivity in the market and a completely new Sunrise TV service . During the quarter we continued advancing our network development strategies in all of our operations . In the UK , Virgin Media O2 increased its 1Gbps footprint by 75 % to reach nearly 13 million UK homes , while FTTP upgrade pilots are underway as part of its plan to deploy a full fiber overlay across the entire HFC network by 2028. Meanwhile in Belgium , Telenet recently announced the intention to create a new , self - funding NetCo with utility company Fluvius that will own the " data network of the future " in Flanders . And in Ireland , we are announcing plans today to upgrade our fixed HFC network with a low cost FTTH overlay during the next three years - a project requiring less than € 100 million of new equity . We also continued making solid progress in terms of our Ventures investments and running our levered equity strategy for value creation . We reached a definitive agreement to sell UPC Poland for a total enterprise value of PLN 7.0 billion ( $ 1.8 billion³ ) . The sale price represents a multiple of approximately 9x UPC Poland's estimated 2021 Adjusted EBITDA4 ( ¹ ) , and nearly 20x its estimated 2021 Adjusted EBITDA less P & E Additions . Net cash proceeds to Liberty Global are expected to be ~ $ 600 million and the transaction is expected to close in H1'22 . 1