Liberty Global Donates $1 Million for Humanitarian Relief Efforts in the Caribbean
Posted October 6th, 2017October 06, 2017 08:55 AM Eastern Daylight Time
DENVER, Colorado–(BUSINESS WIRE)–Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK, LILA and LILAK) has committed $1 million of funding for humanitarian aid in the Caribbean following the devastating impact of Hurricane Maria and Hurricane Irma. Liberty Global operates two telecoms businesses in the Caribbean region, Liberty Cablevison Puerto Rico (“LCPR”) and Cable & Wireless Communications (“CWC”), whose business covers over 20 countries in the region. Liberty Global has donated the sum to the Liberty Foundation in Puerto Rico and the Cable & Wireless Charitable Foundation, established to assist victims of the hurricanes across the region. To date, Liberty’s fundraising drives have raised over $1.5 million, with donations also coming from Liberty Global employees and a number of industry partners including the Premier League, which contributed $100,000 to the Cable & Wireless Charitable Foundation. Liberty Global has committed to matching donations made by employees to both foundations from across our operating companies worldwide. The donations form part of Liberty Global’s extensive program of humanitarian aid to the Caribbean in response to Hurricanes Maria and Irma. This includes daily airlifting and shipping of emergency supplies including water, food and personal care items, as well as essential equipment such as power generators and solar light bulbs. Our relief efforts extend across the Caribbean and will include four major shipments to Puerto Rico during the next two weeks. Liberty Global CEO Mike Fries said: “Following the devastating impact of the hurricanes, we are doing everything we can to ensure the well-being of our employees in the region who I am relieved to say have now all been accounted for, and to provide support and emergency supplies on the ground. These are markets that we are proud to serve and through our donations and humanitarian aid program we are committed to helping people across the Caribbean region recover and rebuild.” About Liberty Global Liberty Global is the world’s largest international TV and broadband company, with operations in more than 30 countries across Europe, Latin America and the Caribbean. We invest in the infrastructure that empowers our customers to make the most of the digital revolution. Our scale and commitment to innovation enable us to develop market-leading products delivered through next-generation networks that connect our 25 million customers who subscribe to 51 million television, broadband internet and telephony services. We also serve over 10 million mobile subscribers and offer WiFi service across 10 million access points. Liberty Global’s businesses are comprised of two stocks: the Liberty Global Group (NASDAQ: LBTYA, LBTYB and LBTYK) for our European operations, and the LiLAC Group (NASDAQ: LILA and LILAK, OTC Link: LILAB), which consists of our operations in Latin America and the Caribbean. The Liberty Global Group operates in 12 European countries under the consumer brands Virgin Media, Unitymedia, Telenet and UPC. The Liberty Global Group also owns 50% of VodafoneZiggo, a Dutch joint venture, which has 4 million customers, 10 million fixed-line subscribers and 5 million mobile subscribers. The LiLAC Group operates in over 20 countries in Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. In addition, the LiLAC Group operates a sub-sea fiber network throughout the region connecting over 40 markets. For more information, please visit www.libertyglobal.com.