Virgin Media O2 is weighing options to cut its £22 billion (€25.6bn) debt as investor nerves have seen a spike sell-off in its bonds. Options for owners Telefónica and Liberty Global include cutting VMO2’s expected £200 million dividend this year, shedding jobs and reducing capital expenditure, according to FT reporting. The price of VMO2’s roughly […]
Liberty Global has announced that it intends to appoint VodafoneZiggo CEO Stephen van Rooyen as CEO of Ziggo Group, a newly-formed Benelux telecommunications company that will combine VodafoneZiggo in the Netherlands and Telenet in Belgium, creating a scaled regional telecoms champion with 13 million customers. Van Rooyen brings European telecoms and media leadership experience to […]
John Malone is to step down from his Chairman roles at Liberty Global and Liberty Media, transitioning to Chairman Emeritus. Malone will step down from the Liberty Global Board effective January 1st 2026 and transition to Chairman Emeritus. In this capacity, Malone will continue to provide active counsel and strategic insight to Liberty Global and […]
Liberty Global still thinks it is undervalued as a conglomerate, as CEO Mike Fries told analysts it is currently working on how and when it might be able to separate out its remaining operating assets. Fries was speaking at the company’s Q2 results where it posted revenue of $1.27 billion (€1.1bn), up 20 per cent […]
Liberty Global has reported Q1 2025 results with consolidated revenue of $1.17 billion (€1.03bn), up 7.3 per cent from Q1 2024, with CEO Mike Fries stating “the balance sheets of our core operating businesses are strong”. In the UK, Liberty Global announced it has paused the sale process of VMO2’s potential network stake to reassess […]
Liberty Global has reported that it “achieved all full-year guidance targets” at Telenet and Virgin Media O2 in the quarter ended December 31st 2024, while VodafoneZiggo “delivered stable revenue and met all other metrics”. The company reported consolidated earnings from continuing operations of $2.33 billion (€2.23bn) for Q4, reversing a loss of $3.36 billion in […]
A report from Liberty Global and EY suggests that the strategic adoption of AI in the telco sector has the potential to drive major sustainability gains over the next decade. The report – Smarter networks, greener planet – takes an in-depth look at how the telecommunications industry can harness AI in the coming years to […]
Liberty Global has reported tht Q1 revenue increased 4.1 per cent YoY on a reported basis and 1.9 per cent on a rebased basis to $1.94 billion (€1.81bn). Q1 net earnings (loss) increased 173.9 per cent YoY on a reported basis to $527 million. CEO Mike Fries stated: “On our extended fourth quarter results call […]
Liberty Global has announced its Q2 2023 financial results, with CEO Mike Fries stating: “We saw improved sequential Adjusted EBITDA performance in Q2, underpinning the confirmation of all full-year guidance targets across our core FMC operations. Demand for reliable high-speed connectivity remains strong and despite communicating price adjustments across our footprint, we delivered broadly stable […]
Liberty Global has announced the publication of the prospectus related to the voluntary and conditional public takeover bid by its indirect wholly-owned subsidiary, Liberty Global Belgium, for all the shares of Telenet that Liberty Global Belgium does not already own or that are not held by Telenet. In conjunction with the prospectus, the Board of […]