Independent research has outlined how investment in digital infrastructure by the world´s largest international TV and broadband company is delivering transformative benefits to European consumers and businesses.
The analysis by economists Oxera Consulting studied the economic impact of Liberty Global´s investment in broadband infrastructure between the start of 2013 and the end of the first quarter of 2017 and concluded that the higher broadband speed, improved productivity and price competition generated social benefits worth EUR 7bn in Europe.
This impact has been enabled by Liberty Global´s investment of EUR 14.5bn in total capital expenditures across all of its European operations in new and existing infrastructure, customer premises equipment, business support and other key services, including a significant investment to bring high-speed Internet to four million more European households through new build and upgrades.
The report estimates that the economic benefits to society total more than EUR 7bn since the start of 2013, including EUR 5bn in speed benefits to customers through access to a greater range and quality of Internet services.
Oxera Consulting estimates that the EUR 14.5bn investment by Liberty Global between the beginning of 2013 and March 2017 has generated a total of EUR 23.7bn of economic transactions through the supply chain.
In simple monetary terms, Liberty Global has invested EUR 14.5bn in capital expenditure across its European operations between the start of 2013 and the end of Q1 2017.
This investment in Europe´s communications infrastructure requires supply chains that have a multiplier effect through the wider economy. The total economic footprint of Liberty Global´s investment includes the activity of Liberty Global´s suppliers, and of the suppliers to those suppliers, and so on up the value chain. The total economic value of this activity is estimated to be EUR 23.7bn.
Liberty Global is an international TV and broadband company, with operations in more than 30 countries across Europe, Latin America and the Caribbean.