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Liberty Global Appoints Severina Pascu as Senior Vice President, Commercial & Operations
Businesswire· 2024-03-06 05:00
DENVER, Colorado--(BUSINESS WIRE)--Liberty Global Ltd. (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) announces today that Severina Pascu has been appointed to the newly created role of Senior Vice President, Commercial and Operations. Reporting directly to Liberty Global CEO Mike Fries, Ms. Pascu will provide operating and commercial expertise in the management of the company’s core FMC champions and venture activities. With a versatile and cross-functional team, she will also lead specific growth an ...
REPORT REVEALS THAT COUNTRIES WITH HIGH PROPORTION OF "NETWORK-DEPENDENT" WORKERS WILL BENEFIT MOST FROM AI
Businesswire· 2024-02-26 09:15
LONDON, United Kingdom--(BUSINESS WIRE)--Countries with a high proportion of workers who rely on the telecommunications network will benefit more from AI than others, according to a new report commissioned by Liberty Global. According to the research by Ernst & Young LLP (EY), the US stands to be the biggest beneficiary, and that the UK and EU were set to be the most positively-impacted by AI, and that the telecoms industry is key to unlocking efficiency gains of AI at scale. The report – called 'Wired for ...
Liberty .(LBTYA) - 2023 Q4 - Earnings Call Transcript
2024-02-16 23:12
Liberty Global plc (NASDAQ:LBTYA) Q4 2023 Earnings Conference Call February 16, 2024 9:00 AM ET Company Participants Mike Fries - Vice Chairman, President & CEO Charlie Bracken - Executive VP & CFO Lutz Schüler - Chief Executive Officer, Virgin Media André Krause - Chief Executive Officer, Sunrise Conference Call Participants Stephen Malcolm - Redburn Atlantic Maurice Patrick - Barclays Robert Grindle - Deutsche Bank David Wright - Bank of America Merrill Lynch Carl Smith - Berenberg Ulrich Rathe - Societe ...
Liberty .(LBTYA) - 2023 Q4 - Earnings Call Presentation
2024-02-16 17:39
Q4 RESULTS AND STRATEGY “SAFE HARBOR” Forward-Looking Statements + Disclaimer This presentation contains forward-looking any distributions or dividends to be received from our operating companies; the strength of our, our affiliates' and our joint ventures’ respective balance sheets (including cash and liquidity position); the amount and tenor of our third-party statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect debt and anticipated borro ...
Liberty Global's (LBTYA) Q4 Loss Widens, Revenues Rise Y/Y
Zacks Investment Research· 2024-02-16 14:26
Liberty Global's (LBTYA) loss from continuing operations in fourth-quarter 2023 amounted to $3.471 billion, up 25.9% year over year.Revenues increased 4.3% year over year to $1.920 billion. On a rebased basis, revenues declined 1.8% year over year.The Zacks Consensus Estimate for the bottom line was pegged at a loss of 35 cents per share, while that for the top line was $1.88 billion.Top-Line DetailsTotal average revenue per unit (ARPU) per fixed customer relationship increased 7.5% year over year to $66.63 ...
RedBird IMI to Acquire Global Production Company All3Media
Newsfilter· 2024-02-16 13:40
Core Viewpoint - RedBird IMI has agreed to acquire All3Media for £1.15 billion, enhancing its portfolio in the media and entertainment sector [1][3] Company Overview - All3Media is a leading independent television production and distribution company based in London, operating 50 production labels and producing popular global shows [2][8] - The company has a diverse library that includes various genres such as thrillers, detective series, soap operas, and documentaries, with a total production output of 4,000 hours annually [2][8] - All3Media International manages a distribution catalog of over 30,000 hours, while its digital business, Little Dot Studios, focuses on social video and branded content [2] Management and Leadership - Jeff Zucker, CEO of RedBird IMI, will become the chairman of All3Media, with Jane Turton and Sara Geater continuing to lead the company [3] - The management team at All3Media is recognized for its strong performance and creative excellence, which is expected to continue under RedBird IMI's ownership [3][4] Strategic Intent - The acquisition aligns with RedBird IMI's investment strategy focused on global content creators and intellectual property owners, aiming to accelerate growth in Europe and the U.S. [3][4] - RedBird IMI's goal is to build a global media company across various sectors, marking this acquisition as its largest investment to date [4][6] Financial Advisors - RedBird Advisors served as the financial advisor for RedBird IMI, while JP Morgan acted as the financial advisor for Warner Bros. Discovery and Liberty Global [5]
Liberty Global Announces Intention to Spin-Off 100% of Sunrise to Shareholders
Businesswire· 2024-02-16 13:31
Spin-off Announcement - Liberty Global announces its intention to spin-off 100% of Sunrise to its shareholders, aiming to maximize shareholder value and allow shareholders to participate in the future growth of both Sunrise and Liberty Global [1] - The spin-off will leverage Sunrise's potential as a locally listed FMC challenger, building on the successful integration of Sunrise and UPC since 2020 [1] - The operational business will not be affected by the spin-off, ensuring continuity for customers, employees, suppliers, and other stakeholders [1] Strategic Rationale - The spin-off aligns with Liberty Global's strategy of unlocking value by allowing shareholders to directly participate in Sunrise's future performance [2] - Sunrise will be listed with a strong capital structure, supported by its future cash generation potential, which will underpin its attractive equity story and scope for dividends [2] - The spin-off aims to broaden and deepen the investor base by appealing to local Swiss/European investors and index/passive demand for Sunrise [5] Sunrise Investment Highlights - Sunrise has 100% exposure to the attractive Swiss telecom market, characterized by favorable macro fundamentals, a stable three-player structure, and a supportive regulatory framework [3] - It is the clear number two operator in Switzerland with scaled positions across fixed, mobile, and converged products, and boasts the best 5G coverage and next-generation fixed network [3] - Sunrise benefits from strong cash generation, a delevered balance sheet, and a long-term fixed-rate debt profile with an average maturity of 5 years and an average cost of debt of ~3% [3] - The company plans to offer an attractive shareholder remuneration framework, supported by its high cash-generating asset and experienced management team [3] Financial Guidance and Listing Details - Sunrise reported a strong Q4 2023 performance with a return to revenue and adjusted EBITDA growth, and provided financial guidance for 2024: stable revenue, stable to low-single-digit adjusted EBITDA growth, and adjusted FCF range of CHF360-400m [4] - The listing of Sunrise on the SIX Swiss Exchange is planned for 2H24, supported by up to CHF1.5B ($1.7B) of debt reduction through FCF generation, debt optimization, and Liberty Global's corporate liquidity [3] Liberty Global's Post-Spin-off Portfolio - Following the spin-off, Liberty Global will retain its consolidated interests in Telenet, Virgin Media Ireland, and its joint venture stakes in Virgin Media-O2 and VodafoneZiggo, along with its Ventures portfolio and significant remaining cash balance [4] Industry Context - Liberty Global is a world leader in converged broadband, video, and mobile communications services, delivering next-generation products through advanced fiber and 5G networks, with over 85 million connections across Europe [6] - The company's consolidated businesses generate annual revenue of more than $7 billion, while its joint ventures (VMO2 and VodafoneZiggo) generate combined annual revenue of more than $18 billion [7] - Liberty Global Ventures has a portfolio of more than 75 companies and funds across content, technology, and infrastructure industries, including stakes in ITV, Televisa Univision, Plume, AtlasEdge, and the Formula E racing series [7]
Liberty .(LBTYA) - 2023 Q4 - Annual Report
2024-02-15 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35961 Liberty Global Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1750381 (State or other jurisdiction of incorporation ...
Liberty Global Schedules Investor Call for FY 2023 Results and Strategy Update
Businesswire· 2024-01-31 14:00
DENVER, Colorado--(BUSINESS WIRE)--Liberty Global Ltd. (“Liberty Global” or the “Company”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announced plans to release its full-year 2023 results on Thursday, February 15, 2024. You are invited to join in its Investor Call, which will begin the following day at 09:00 a.m. (Eastern Time) on Friday, February 16, 2024. During the expanded 90 minute call, management will discuss its Q4 and FY 2023 results and provide a strategic update on value creation and capital allocati ...
Liberty Global: European Telecoms Assets On Sale
Seeking Alpha· 2024-01-24 05:11
TOLGA AKMEN/AFP via Getty Images Despite rebounding sharply over the past few weeks, shares of Liberty Global (NASDAQ:LBTYA) (NASDAQ:LBTYK) (NASDAQ:LBTYB) have had a pretty lackluster 12 months, losing around 10% of their value and underperforming U.S. telecoms (IYZ) by a decent margin in that time. Source: Seeking Alpha Liberty's European telecoms businesses have faced a tough operating environment recently, with earnings coming under pressure from cost inflation and declining fixed subscribers. Liberty is ...