LBTYK Stock Recent News

Liberty Global will spin off its Swiss telecoms operator Sunrise to shareholders in the fourth quarter of 2024, it said on Monday.

Liberty Global has explored selling a stake in its Swiss telecoms operator Sunrise ahead of a planned spin-off later this year, three people familiar with the matter told Reuters.

Liberty Global Ltd (NASDAQ:LBTYA ) Q1 2024 Results Conference Call May 2, 2024 9:00 AM ET Company Participants Michael Fries - Vice Chairman, President & CEO Charles Bracken - Executive VP & CFO Ritchy Drost - Chief Financial Officer Lutz Schu¨ler - Chief Executive Officer Conference Call Participants Joshua Mills - BNP Paribas Maurice Patrick - Barclays Ulrich Rathe - Bernstein Societe Generale Group Robert Grindle - Deutsche Bank Steve Malcolm - Redburn Atlantic Matthew Harrigan - the Benchmark Company Carl Murdock-Smith - Berenberg Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Liberty Global's First Quarter 2024 Investor Call.

The latest 13F regulatory filings that disclose the buying and selling of stocks among hedge funds have recently been released. As is always the case, the filings reveal some interesting moves among the world's best investors.

Liberty Global shares have had a relatively subdued past 12 months, underperforming U.S. telecoms peers in the process. Liberty's European telecoms businesses are facing a tough operating environment, shedding fixed-line subscribers while inflation weighs on margins. These shares look deeply undervalued on a rough sum-of-the-parts basis, with the market's implied multiple for the telecoms businesses representing a noticeable discount to comparable peers.

Liberty Global's price rises will kick-in in the second half of the year. Share buybacks are accelerating and extremely accretive at current prices. The share prices can return a 30% CAGR (or much more) to patient investors.

The owners of All3Media (ALLMD.UL), Britain's largest independent TV production company, are exploring options that include cashing out on their joint venture in a deal worth more than 1 billion pounds ($1.26 billion), three people familiar with the matter said.

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 - UBS James Ratzer - New Street Research Steve Malcolm - Redburn Matthew Harrigan - The Benchmark Company Maurice Patrick - Barclays David Wright - Bank of America Carl Murdock-Smith - Berenberg Georgios Ierodiaconou - Citigroup Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to Liberty Global's First Quarter 2023 Investor Call.

Liberty Global (NASDAQ:LBTYA) has announced that it plans to launch a voluntary and conditional public takeover bid to take out minority shareholders in Telenet Group through its wholly-owned subsidiary, Liberty Global (NASDAQ:LBTYA) Belgium, sending Telenet's shares more than a third higher.  The broadband, video and mobile communications services company explained that it has been the controlling shareholder of Telenet since February 2007, and currently owns just over 59% of Telenet's outstanding issued share capital.

BT Openreach's pending wholesale price cuts to internet service providers (ISPs) are “desperate and premature” according to Mike Fries, chair of Virgin Media O2 owner Liberty Global (NASDAQ:LBTYA). Dubbed Equinox 2, BT Openreach is due to reduce its wholesale costs in April to encourage broadband providers like Sky, TalkTalk and Vodafone to move to high-speed full-fibre broadband.