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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Liberty Global has announced the appointment of two senior executives to lead its newly-combined Swiss operations following the closing of its acquisition of Sunrise Communications. Effective immediately, André Krause is Chief Executive Officer of the combined Sunrise UPC business. He joins Liberty Global’s executive team, reporting to CEO Mike Fries. Krause is currently the CEO […]