CEO Mike Fries stated, “Despite an increasingly difficult macroeconomic environment developing throughout the second quarter, demand for connectivity remains high and we are well positioned to execute on our strategic and financial goals. In each of our core operating markets, we remain focused on product innovation and offering the best value for our customers, especially as they manage through the effects of increased living costs. At the same time, we are proactively addressing the impacts on our costs while supporting our network investments across fixed and mobile.”

“In Q2, we delivered aggregate broadband and postpaid mobile net add growth underpinned mostly by positive postpaid mobile trends and a return to broadband growth in the U.K. Financially, with price adjustments beginning to support top-line trends, we reported stable revenue across our FMC markets.

Synergies supported Adjusted EBITDA trends in Switzerland and the U.K., where the continued growth of VMO21 was the highlight of the quarter. Looking ahead to H2, the realization of synergies is expected to continue driving cash flow growth in the U.K., while recent price adjustments in the Netherlands and Belgium should support improved financial results in both markets.

Our continued focus on innovation is driving unique FMC product and bundling strategies that not only differentiate us from the competition, but also generate higher NPS, lower churn, and support ARPUs.”

Read the full release here.