The Chairman of Telefónica, José María Álvarez-Pallete, has taken from as Chairman of the Board of Directors of VMO2, replacing Liberty Global CEO Mike Fries. This replacement responds to the agreement established in the creation of the joint venture resulting from the merger between Virgin Media (Liberty Global) and O2 (Telefónica), by virtue of which […]
Liberty Global earnings were negative in Q1, posting a loss of $713.5 million (€650.3m) from continuing operations. Adjusted EBITDA was down by 6 per cent to $624.5 million. The company says it suffered from was a combination of subscriber losses and rising energy and labour costs in the quarter. Meanwhile, Liberty revealed it plans to […]
Media Distillery, a provider of AI-enabled video analysis solutions for the video entertainment industry, has announced that the Netherlands’ multiservice provider, VodafoneZiggo, has implemented EPG Correction Distillery to improve the user experience for its nearly 4 million video subscribers. VodafoneZiggo is a joint venture between Vodafone Group and Liberty Global. EPG Correction Distillery was rolled […]
Belgian multiplay telco Telenet has confirmed it has been informed by converged broadband, video and mobile communications investor Liberty Global about its intention to launch a voluntary and conditional cash offer for all of the Telenet shares that it does not already own or that are not held by Telenet. Liberty Global has been Telenet’s […]
Liberty Global has announced its Q4 2022 financial results. Revenue decreased 4.1 per cent YoY on a reported basis and increased 0.8 per cent on a rebased basis to $1.84 billion (€1.74bn). Q4 Adjusted EBITDA decreased 13.4 per cent YoY on a reported basis and 4.4 per cent on a rebased basis to $597.3 million. […]
Liberty Global has acquired 1.335 billion shares in Vodafone Group PLC, representing 4.92 per cent of the outstanding share capital (excluding treasury shares). The transaction was principally funded through an attractive non-recourse financing, requiring equity funding from Liberty Global of approximately £225 million (€254m). “We believe, like many others, that Vodafone’s current share price does […]
Liberty Global’s share price has lately hovered around the $17 mark. Investment bank Jefferies believes this is much too low and has issued a ‘Buy’ revision to its clients with a share price target of $24.80 – an upside of 46 per cent. Jefferies reports on Liberty Global’s key metrics with its Q3 2022 consolidated […]
Liberty Global has published its Q3 2022 financial results. Mike Fries, CEO, commented: “Despite the macroeconomic challenges in Europe we clearly have a resilient business model, as demonstrated by our solid results in Q3. Connectivity remains an essential service with strong demand across our footprint for reliable and seamless access to high-quality fixed and mobile […]
Liberty Networks Germany, a joint venture (JV) between Liberty Global Ventures, the investment arm of Liberty Global and InfraVia Capital Partners, starts construction this week on a new full-fibre network in Germany. Launched in 2021, Liberty Networks Germany will connect households and municipalities in Germany to state-of-the-art fibre optic networks operating under the new ‘helloFiber’ […]
Investment bank Berenberg issued a negative report on ITV, the UK’s main free-to-air commercial broadcaster, saying that while ITV’s interim results were strong, the bank expects there to be declines in ad revenue, a severe decline in viewing numbers and greater competition from US streamers which will tap into ITV’s traditional advertising revenues. Berenberg admits […]