Liberty Global released results of an independent study done by Oxera Consulting that focuses on the impact of the operator’s investment in European broadband infrastructure between the beginning of 2013 and the end of the first quarter of this year. It concludes the higher broadband speed, improved productivity, and price competition generated social benefits worth €7 billion in Europe.

Liberty Global’s has reportedly invested €14.5 billion in total capital expenditures across all of its European operations during the aforementioned timeframe in new and existing infrastructure, customer premises equipment, business support, and other services, including new-build investments to bring high-speed internet to four million more European households. Oxera Consulting estimates investments by Liberty Global between the beginning of 2013 and March 2017 have generated a total of €23.7 billion of economic transactions through the supply chain.

Back in November, Liberty Global launched its GIGAWorld program, which outlined the company’s plans to bring gigabit internet speeds to the European countries in which it operates. Around 50 million homes in Europe have access to its GIGAReady networks, and Liberty Global says it expects to connect millions more over the coming years through its previously announced network extension programs in Europe.

“GIGAWorld is our mission to build robust, reliable, superfast networks that can not only meet the connectivity and speed demands of consumers today, but also support the next-generation devices and applications of tomorrow that will fuel even greater demand,” Liberty Global CEO Mike Fries says. “Our significant investment clearly has a positive impact for consumers and businesses across Europe, and we are proud that it simultaneously generates billions for the economy, while creating clear social benefits through improved speed, productivity, and competition.”