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Telefonica Closes Deal With Liberty Global On 50-50 JV Of Their Operating Businesses In UK
Liberty Global Reports Q1 2021 Results
Liberty Global PLC Q1 2021 Revenue Of EUR 645.9 Million Versus EUR 653 Million
Liberty Global plc (Liberty Global) is a provider of broadband Internet, video, fixed-line telephony and mobile communications services to residential customers and businesses in Europe. The Company operates through the United Kingdom/Ireland, Belgium, Switzerland, and Central and Eastern Europe segments. The Company’s operations comprise businesses that provide residential and business-to-business (B2B) communications services in the United Kingdom and Ireland through Virgin Media Inc., Belgium through Telenet Group Holding N.V., and Switzerland, Poland and Slovakia through UPC Holding. In addition, Liberty Global owns an interest in the VodafoneZiggo JV, which provides residential and B2B communication services in the Netherlands.
Broadcasting & Cable TV
161 Hammersmith Road
John C. Malone
Chairman of the Board
Michael Thomas Fries
Vice Chairman of the Board, President, Chief Executive Officer
Charles H. R. Bracken
Chief Financial Officer, Executive Vice President
Executive Vice President, Chief Technology Officer
Bryan H. Hall
Executive Vice President, General Counsel, Secretary
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British mobile operator O2 said on Thursday it would pay its staff a 1,930 pound ($2,709) bonus as it reported record high earnings for the first quarter, ahead of its merger with Liberty Global's Virgin Media.
Sunrise UPC, the Swiss unit of Liberty Global, will cut 600 jobs by the end of 2022, following UPC's 6.8 billion Swiss franc ($7.4 billion) takeover of Sunrise Communications last year to create Switzerland's second-biggest telecoms group.
Britain on Friday said it had referred the merger between broadband company Virgin Media and Telefonica's UK mobile network O2 to an in-depth competition investigation.
The European Commission has referred to the UK competition authority the review of Liberty Global's <LBTYA.O> and Telefonica's <TEF.MC> plan to merger their British businesses.
UK competition watchdog CMA is set to take over the review of Liberty Global and Telefonica's plan to merge their British businesses, with EU antitrust regulators ceding the case to them, according to a person familiar with the matter.
Polish broadcaster TVN Media and U.S. telecoms and media investor Liberty Global said on Tuesday they were cancelling the planned initial public offering of CANAL+ Polska due to volatile market conditions.
The Swiss competition watchdog has approved Liberty Global's <LBTYA.O> 6.8 billion Swiss franc ($7.50 billion) takeover of Sunrise Communications <SRCG.S> without conditions, the agency said on Friday.
Liberty Global has been successful in its 6.8 billion Swiss franc ($8.74 billion) attempt to buy Switzerland's Sunrise Communications after the all-cash offer was accepted by nearly 82% of the target's shareholders.
Liberty Global cleared a key hurdle in its all-cash 6.8 billion Swiss franc ($7.43 billion) tender for Switzerland's Sunrise Communications , with provisional results on Friday showing an acceptance rate of nearly 82%.
Liberty Global <LBTYA.O> cleared a key hurdle in its all-cash 6.8 billion Swiss franc ($7.43 billion) tender for Switzerland's Sunrise Communications <SRCG.S>, with provisional results on Friday showing an acceptance rate of nearly 82%.
The British competition regulator has asked to review the merger between Liberty Global's <LBTYA.O> Virgin Media and Telefonica's O2 <TEF.MC> instead of Brussels because any impact on consumers will be felt in the UK and after Brexit.
The British competition regulator has asked to review the merger between Liberty Global's Virgin Media and Telefonica's O2 instead of Brussels because any impact on consumers will be felt in the UK and after Brexit.
EU antitrust regulators will decide by Nov. 5 whether to clear Liberty Global <LBTYA.O> and Telefonica's <TEF.MC> $38 billion British tie-up to challenge market leader BT <BT.L>, a European Commission filing showed on Wednesday.
Sunrise Communications <SRCG.S> said it won a case in a Zurich court over rival Salt Mobile, which is trying to block telecom giant Liberty Global's <LBTYA.O> proposed $7.4 billion takeover of Sunrise.
Sunrise Communications <SRCG.S> is battling rival Salt Mobile in Swiss court over Salt's attempt to block telecom giant Liberty Global's <LBTYA.O> proposed $7.4 billion takeover of Sunrise.
Salt Mobile SA said on Thursday it may launch legal proceedings against rival Swiss phone company Sunrise Communications <SRCG.S> over Liberty Global's <LBTYA.O> $7.4 billion takeover offer.
Liberty Global <LBTYA.O> plans to take over Switzerland's Sunrise Communications <SRCG.S> in a surprise $7.4 billion deal announced by the companies on Wednesday.
Telecoms stocks boosted European bourses on Wednesday following Liberty Global's takeover offer for Sunrise Communications, while London's FTSE 100 gained on bets of domestic stimulus after a collapse in quarterly economic output.
Freenet <FNTGn.DE> is being richly rewarded for its bet on Swiss telecom Sunrise <SRCG.S> after backing Liberty Global's <LBTYA.O> $7.4 billion takeover, and will use most proceeds to pay down debt, CEO Christoph Vilanek said.
Liberty Global <LBTYA.O> would consider a flotation of Sunrise Communications <SRCG.S> in the future after it completes its 6.8 billion Swiss franc ($7.40 billion) takeover of the Swiss business, Chief Executive Mike Fries said on Wednesday.
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