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]

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 ...

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 ...

Core Viewpoint - Liberty Global's shares have underperformed in the past year, losing approximately 10% of their value, but are currently seen as a good bargain for value investors with a Strong Buy rating due to a modest valuation for its core telecom businesses [3][12]. Company Overview - Liberty Global is a holding company with various telecom businesses in Europe, including wholly-owned subsidiaries like Sunrise (Switzerland), Telenet (Belgium), and Virgin Media Ireland, as well as joint ventures in the Netherlands and the UK [4]. Financial Performance - The company has faced challenges such as cost inflation and declining fixed subscribers, leading to a loss of nearly 50,000 video subscribers in Q3 2023, with a total of around 25,000 internet subscribers lost across its consolidated businesses [7][8]. - Consolidated revenue for fixed services was $2.25 billion through Q3 2023, reflecting a 1.3% year-on-year decline on an organic basis, while mobile services showed resilience with positive subscriber growth [8][9]. - EBITDA has been negatively impacted by inflation, with a decline in margins, but VMO2 has shown accelerating EBITDA growth in Q3 [9][11]. Valuation Insights - Liberty Global's Class A shares are trading at $19.37, with significant cash and investments at the holding company level, implying a low valuation for its telecom businesses [12][14]. - The market is valuing Liberty's telecom businesses at an implied EV/EBITDA of approximately 5.7x, which is significantly lower than peers like Comcast and KPN, suggesting potential upside [15][17]. - Applying a conservative multiple of 6.5x to Liberty's telecom assets indicates a fair value of around $30.55 per share, representing nearly 60% upside from the current price [18]. Strategic Actions - Liberty Global is actively engaging in stock repurchases, having retired 15% of its shares outstanding in 2023, with plans to extend this to nearly 20% by year-end, as a means to close the valuation gap [19][20].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 plc (Exact name of Registrant as specified in its charter) England and Wales 98-1112770 (State or other jurisdicti ...

Liberty Global plc (NASDAQ:LBTYA) Q2 2023 Earnings Conference Call July 25, 2023 9:00 AM ET Company Participants Mike Fries - Chief Executive Officer Charlie Bracken - Executive Vice President and Chief Financial Officer Lutz Schüler - Chief Executive Officer, Virgin Media André Krause - Chief Executive Officer, Sunrise Ritchy Drost - CFO of VodafoneZiggo Conference Call Participants Robert Grindle - Deutsche Bank Carl Murdock-Smith - Berenberg Ulrich Rathe - Societe General Yemi Falana - Goldman Sachs Polo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 plc (Exact name of Registrant as specified in its charter) England and Wales 98-1112770 (State or other jurisdiction of ...

LIBERTY GLOBAL PLC INVESTOR CALL Q1 2023 May 10th, 2023 "SAFE HARBOR" Forward-Looking Statements + Disclaimer 2 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to our strategies, future growth prospects and opportunities; expectations regarding our and our businesses' financial performance, including revenue, Rebased Revenue, EBITDA, Adjusted EBITDA, Adjusted Free Cash Flow and Distributable C ...

Liberty Global plc (NASDAQ:LBTYA) Q1 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Mike Fries - Chief Executive Officer Charlie Bracken - Executive Vice President and Chief Financial Officer Jeroen Hoencamp - Chief Executive Officer, VodafoneZiggo Lutz Schüler - Chief Executive Officer, Virgin Media André Krause - Chief Executive Officer, Sunrise Conference Call Participants Robert Grindle - Deutsche Bank James Ratcliffe - Evercore ISI Ulrich Rathe - Societe Generale Polo Tang - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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 plc (Exact name of Registrant as specified in its charter) England and Wales 98-1112770 (State or other jurisdiction o ...