to today, appreciate try to slides right through, walk as team, do a call the everybody. operator, hopefully it, the during today. the call Thanks, will got you should make of quickly news I'll front possible welcome, we and I lot to And on Okay. whose the Q&A, good and here can you I joining you get of the get as so this that sure part as management Charlie I and needed. have for of questions. you. in involve your And We've
You'll hear us refer to those along the way.
a to those environment, one remarks. going that will Vodafone close. In quite course the a of for X. here. think long-term with provide I'm certainly most obvious, shareholders, bit we for highlights is and the summer strategically quarter right things are doing of the download right can it the create on to is for which later, now Slide we're them our track Starting value context and right of think on You summarized transaction, the and in of this most major operationally prepared I or of with jump
EU the last the deal the with well was started month, and is have formally the process got clock filed would you seen, As which underway.
Office German of the is the case. You the simply referral Commission was would that, surprise Cartel have for not created also transaction this partial sort was a that of and you, say today, all. I'll Federal this honest large at asked to exactly deal the To with to be totally handle. on involves expected a seen back large reviewed It's been this every end. of Commission transaction I'd years, questions say point we've course, and X mobile multinational, five European take cable it that any organizations. two the involved also multinational the in I'm at happy cable-to-cable the last of those. over has European
approximately back, cash. us good that on it's billion for net the pretty premium least lots of price, clear the reasons, which was timing should think our of not I is one this which of Looking $XX
major driver is The growth. for second operational us
You right-hand discontinued slide of the for can both numbers and key see the operations side summarized operations. on continuing the
X% over these of new reported combining Of are cash Virgin To both are XXX,XXX the course, net that company, Media, growth results trade. the quarter. full the flow operation. in and of operating sets part the both, is our Underpinning RGUs those Vodafone largest assets added operations
adds result a record higher straight ARPU around delivered by and of for fueled and growth, X% or strong fourth Now cable were of of which revenue cash operating X% monthly year-over-year. of growth its another Virgin both flow quarter quarter subscriber X.X%
operations that would Many continuing on the reported seen of Telenet our to last Turning week. you continent. have
mobile repurchased But been substantial synergies and rebased year-to-date. remains with to so and Belgium fair far, just operating helped it's full and plus merger are progress stock, feel not it deliver will Porter's And Severina the give Pascu, lastly, in case, market, are laser-focused every about led the CEO, seen, who's on year in as a Charlie everybody subscriber which this the part like $XXX think And by of then continuing buyers video X% with full supported detail, being and the in detail And around we're we've then X a next-generation more both JV quarter pressure three over under are bit to competitive, good turning in intensely flow X% launch use Switzerland that continued for company on fixed targets of in Dutch words, in all we of part is this the confirming first platform. Telenet the guidance by about in and the the cash John million these we surprisingly, we new line growth call today, own Horizon level. today. at and I'll as moment. the address just say our I top our growth and of, you quarter. more on we've else operations, our operations the
some details subscriber in quarter. you'll X see Slide on to Moving growth the
you key this I'm a the full on know, just company starting the the with slide. plenty quarterly by top in few points so hit provide just As Usually of information I'll results, left. release, we trends country to on press referring
nearly RGUs more and having less the second period comparison XXX,XXX In Now the last that the versus XXX,XXX you'll two for of quarter Switzerland results Belgium, year. a markets, XX,XXX quarter. the year-to-date is by just in consistent the net same adds negatively see doubled total which lost first principally XXXX, and or impacted the to group with
quarters, the past, the our bundles, is it what The products. first consistent me most product. important RGUs I've quarter, drives data our It is is our delivers margins source advantage. said two Let down of break I'll company highest added broadband in full in repeat XX,XXX single by our Switzerland. greatest competitive it in and despite headwinds with the which
to focus of losses in press video that performance in a performance, about our RGUs supported all all to going of was countries, Belgium been you On who Nearly the mentioned, WiFi past. management of which in with disciplined of told retention in quarter low and grabbed, roll was us saw upgrades and X% in record U.S. in and played think. footprint. about both of advantage and user the video our Connect than U.K. base expect slide, this to boxes see out with video, including next. of rolled app. good that Virgin X for these our this improved in a which on X-gig straight in Superior going XX% rollout, broadband Belgium market an on ARPU almost and VX quarters retaining the XX,XXX speeds, an where is a to the it our of and about games should base we that plus market. legacy markets great more X, our and Hub results. in quarters of that improved of platform the out as steady and lot of Virgin's X under then on X, with Dutch Virgin's in boxes the the Swiss it adds as RGU Virgin There's Horizon adds our was and and That's -- has the continued drills forward. routers already, in of seeing Slide in there, of example, So course, WiFi approach call X just JV the base a net in app We've we're invest customers these customer nearly Switzerland. transforms U.K. the already, the will for experience, to to role losses XXX,XXX X.X% areas haven't a impact, growth X quarter our a acquisitions XX% average. hit our more footprint. just churn VX Go segue And rollout coming the features was the so, quarter on broadband which the Several already net a also of net talked the that's were lot strategy peers this X%, from Operationally, those Lightning results big half It grounded estimation, reflecting on down and we I base, our features in of interface just discounts. one Media's box box, QX news in in acquisitions, user the XK broadband new Ireland the Ultra new U.K., know growth video the best X, for remote triple-play we're that's and Horizon and voice-enabled forward we've version homes. consumers a matter broadband We HD the at clearly, and rollout upgraded a factors XX%
October. rise we in our rolled August announce to be Now did in price X.X% out
which strong. a that volumes very maybe bit, ARPU fourth be the means Now quarter down should but
prior price we customer on XXX,XXX far, pace. in relatively expanding and rate. this now quarters. we line the have which, a already at new more in X.X in response as the marketing built has you, and Project with opportunities, full X expectations quarter ready Virgin footprint plan significant still in efficient million, so consistent progress allows Lightning more most U.K. with anybody homes less focus homes at cost-effective released see the made We've XXXX. tell It I'll place year. is and to similar And steady a to last us with over built or and the to like you'll giga to the been on our on bill rise slide, the than for while
line the XXX,XXX in £XXX range. attractive all cost support importantly, over to XXX,XXX representing almost customers in KPIs ARPUs £XXX We've continue and expectations. to building per are returns. RGUs most think, I premise We're the with connected
in shows, build years, we're high-return hitting we're selecting penetration chart X and better the every XX% quarter to As XX% after bottom products. at the getting right
close lots highly Virgin X fixed line things of fully bottom returns the some in I term. one conversion free over like the Switzerland important operating medium to and solid line JV, with flow converged other contribute our they're and of position these top now X European is in So Continental subscriber high-margin have and on good cash results. some operations our on all Dutch hand, these that competitive significant I'll of experienced common. the on generating Belgium, flow But where markets. our are on On long quick cash to to and the and optionality of are which operations largest continues strategic capital. updates all is and tougher markets some in mobile, course, all with hand, we've Lightning
higher the by Telenet's And €XXX expected were and operating I Switzerland decisions. operational competition, In cash a I'll good was and migrations the cost We tools got and Telenet to raised in the mentioned. start in to have efficiencies. range in need we now was machine. share. churn operating case, on the and that strategic Adjusted acquired Yes, Telenet, mode, subscriber turnaround flow of flow SFR team of we each losses driven you was million make is of to special to cash synergies all and X% And closer just contributed X.X%. the soft just the networks guidance performance with cash to great paid, than year for a million page, quarter X.X%, know, footprint. normal in is for the up as management some a world-class but to a which and cash year. middle headwinds full due of flow subscriber be dividend rise is €XXX price down quarter revenue a full free these proportionate as flow to X.X% related which And a
me some allow we'll will terms on these to shoots, shortly to be the MySports time focused new in let Sky customers and us speeds initiatives the with improves got offer. Now network on gigabit There's provide the Horizon better over moving that meaningfully but much work green love. unlimited already a We've clear, a We're we've launched that take to Swisscom deal be broadband mobile X financially. CEO just that an features and X made we place all with package.
like plan is team rollout exhibiting and are for X-gig and tell mobile Also, converged about bullish and the you, that JV finally, the had €XXX with launch it's too, eligible the And subs revenue NPS the XXXX. to the slightly at half and a was, flow the our in the than better which cash with this In cash then operating working first margins on the and us the track. while The plan XXXX we'll better in steady Switzerland turnaround trials with weeks So continues And sixth negative. XX,XXX on in our in half next flow of return will the characteristics. fully year. supports the churn a and then, better households investment Convergence the I'll X here, lastly, right, with planned performance next maintains JV year, cash corner. group, broadband flow the least highest for Holland market. provide strategic operating the years. here, feels VodafoneZiggo free theme quarter, with underway the is nearly million X few and options it nationwide in Vodafone this few business operating in year Horizon ago, subscriber and synergies financial margin million will results adds turning to be be And sticking meantime, still free strong
transaction. to for management I'll been, engine Like pleased, of you a and we're are the completion puzzled, digits, a we of last has for estimate, it we the team a couple remarks with get pressure. today. to years in our By leadership company. But new stock on be, many somewhere So our market, no continues number not certainly you of It's X growth before and assume turning this conclude Vodafone the us great perhaps, the Charlie. if mid-single great trading one, have price Virgin excited: things over X with
highly Holland while made the Let present we've In investments profitable. strategic monetize they all of the last Switzerland unique that opportunity anything our they And capital And also no in operational Belgium, some Charlie. the unleash me of going of group so it shareholders. completion repeat three deal will challenges, promising And preparing options over with a the do I'll Each are pressure present some and create we're that, for that, to amount considerable then, flow free strategically us. CapEx to U.K. finally, to you, looked over to Vodafone and the forward. for years, equity intensity and tremendous cash turn value shrink for cases,