Advanced Television

Mike Fries

Liberty Global “stable” in Q1

Liberty Global, the multinational telco, has published its Q1 2022 financial results. CEO Mike Fries stated: “First, our thoughts go out to all those impacted by the war in Ukraine. I’m very proud of our operations and employees across Liberty Global for their devoted efforts to support those in need. While we all hope for […]

May 11, 2022

Liberty Global “in great shape”

Liberty Global has announced its Q4 2021 financial results, saying it achieved all 2021 guidance targets including increased Adjusted Free Cash Flow. CEO, Mike Fries, stated: “Our fourth quarter and full year results demonstrated continued commercial momentum across our FMC champions. Operationally, we delivered 306,000 aggregate broadband and postpaid mobile subscribers during Q4 and over […]

February 18, 2022

VMO2 eyes fibre JV

UK multiplay telco Virgin Media O2 (VMO2) is planning to launch a fibre network construction joint venture led by owners Liberty Global and Telefónica, according to reports. Such an operation would seek to rival BT’s Openreach digital infrastructure arm. The new company is seeking a substantial sum from third-party investors, with one source suggesting the […]

January 31, 2022By Colin Mann

Liberty Global Q2: “Return to growth in core markets”

Liberty Global, the multinational telco, has announced its Q2 2021 financial results. The company posted a quarterly revenue of $3.1 billion (€2.6bn) – an increase of 14.1 per cent year-on-year on a reported basis, and 3.4 per cent on a rebased basis. Despite the rises in revenues and profits, Liberty Global’s overall subscriber growth slowed […]

July 30, 2021

Virgin, O2 merger given green light

Following a provisional clearance in April 2021, the UK’s Competition and Markets Authority (CMA) is now allowing the proposed merger of Virgin Media and Virgin Mobile with O2 to go ahead. Both Virgin and O2 sell wholesale services to a number of mobile operators in the UK. Virgin supplies wholesale leased lines to mobile operators […]

May 20, 2021By Colin Mann

Liberty Global Q1: ‘Momentum continues’

Liberty Global has revealed its Q1 2021 financial results which show that its convergence strategy added +80,000 broadband and +146,000 post-paid mobile subscribers. CEO Mike Fries stated: “As we continue to execute through the challenges of Covid-19, we’re hopeful that better and safer times lie ahead for our employees and our customers. While the well-being […]

May 6, 2021

O2, Virgin Media JV execs named

Although the planned merger combining Virgin Media and O2 is still subject to approval by the Competition and Markets Authority (CMA) in the UK, Liberty Global and Telefónica have announced their intention to appoint Lutz Schüler as Chief Executive Officer and Patricia Cobian as Chief Financial Officer of the proposed 50-50 joint venture. Schüler joined […]

April 7, 2021By Colin Mann

Liberty looks to mobile in Ireland and Poland

Liberty Global CEO Mike Fries has revealed during an analyst call that pursuing mobile deals in Europe was “high on our list” of priorities. Liberty already has about one million cable and 120,000 mobile subscribers in Ireland through its Virgin Media unit. In Poland, its UPC Poland operation has about 3.3 million video, internet and […]

February 24, 2021

Liberty Global: “2020 a transformational year”

Liberty Global has announced Full Year financial results. Revenue increased 3.8 per cent on a reported basis and decreased 1.5 pr cent on a rebased basis to $11.9 billion (€9.7bn). Q4 revenue increased 14.9 per cent on a reported basis and decreased 0.5 per cent on a rebased basis to $3.4 billion. CEO Mike Fries […]

February 16, 2021

Sunrise appoints UPC Executive Committee

Sunrise UPC has announces its new executive leadership team, which it says “combines the best talent from both companies with the goal of stability and strategic clarity”. The full Sunrise UPC Executive Committee comprises of: André Krause, CEO Severina Pascu, Deputy CEO and Chief Operating Officer Jany Fruytier, Chief Financial Officer Elmar Grasser, Chief Technical […]

December 4, 2020