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Liberty Broadband Corporation - LBRDA STOCK NEWS

Welcome to our dedicated page for Liberty Broadband Corporation news (Ticker: LBRDA), a resource for investors and traders seeking the latest updates and insights on Liberty Broadband Corporation stock.

Liberty Broadband Corporation, a cable operator, provides video, internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers precision location solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system. It also provides geospatial insights, a location intelligence and data insights service for enterprises, research and consulting firms, financial institutions, and advertisers to understand, measure, and optimize the performance of businesses; benchmark performance against competitors; enhance customer experience; advertise to, and target existing and prospective customers; and measure the efficacy of advertising campaigns in driving growth.

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Liberty Broadband (Nasdaq: LBRDA) will disclose its second-quarter 2024 financial results on Thursday, August 8, 2024. The announcement will be made prior to the market opening and followed by a conference call at 11:15 a.m. E.T. The press release, detailing the financial performance and outlook, will be accessible on Liberty Broadband's investor relations website. A Q&A session with management, focusing on Liberty Broadband and Liberty TripAdvisor Holdings, will follow the prepared remarks.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has successfully closed its private offering of $860 million in 3.125% exchangeable senior debentures due 2054. These debentures are exchangeable for Charter Communications Class A common stock, with an initial exchange price of approximately $393.05 per share. The offering includes an additional $60 million from the partial exercise of an option granted to initial purchasers. Liberty Broadband may redeem these debentures on or after December 15, 2028, and holders have the option to require a purchase on that date. The company used proceeds to repay $540 million in borrowings, and repurchased $300 million of its 3.125% debentures due 2053. The debentures were offered to Qualified Institutional Buyers and are not registered under the Securities Act of 1933.

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NCTA – the Internet & Television Association, has released 'Every Last Mile,' a 20-minute docufilm highlighting the arduous efforts of broadband construction crews to bring digital connectivity to rural America. This film follows crews in Alaska, Arizona, and Minnesota, showcasing their struggles against challenging terrains, weather, and logistical issues. The release aligns with the 'Internet for All' initiative, supported by $42.45 billion in federal Broadband Equity, Access, and Deployment (BEAD) funds. Between 2022 and 2023, the cable industry has connected 1.3 million new rural homes and businesses, increasing gigabit speed access to 5.4 million homes and businesses. The film also complements NCTA's multimedia Rural Experience webpage, which details the extensive engineering efforts behind these broadband expansions.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced an $800 million upsized private offering of 3.125% exchangeable senior debentures due 2054. The debentures, exchangeable for Charter Communications Class A common stock, offer initial purchasers an option to buy an additional $120 million worth. Each $1,000 principal amount is initially exchangeable for 2.5442 shares of Charter stock, with an initial exchange price of $393.05 per share. The offering, closing on July 2, 2024, aims to repay $500 million in margin loans, repurchase $300 million of Liberty’s 3.125% debentures due 2053, and for general corporate purposes. Interest payments are quarterly, starting December 31, 2024, and the debentures can be redeemed or purchased back on or after December 15, 2028.

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Liberty Broadband (Nasdaq: LBRDA) announced a private offering of $500 million in exchangeable senior debentures due 2054, potentially increasing to $575 million if initial purchasers exercise their option to buy more. These debentures can be exchanged for Charter Communications Class A stock, or its cash equivalent, during specified periods. The company plans to use the proceeds for debt repayment and general corporate purposes. The offering is to Qualified Institutional Buyers and isn't registered under the Securities Act of 1933 or state securities laws.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock, payable on July 15, 2024, to shareholders of record as of July 1, 2024. Liberty Broadband operates a diverse range of communications businesses and holds significant interests in Charter Communications and GCI, Alaska's largest communications provider. GCI offers data, wireless, video, voice, and managed services across Alaska and nationwide.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) will hold its virtual Annual Meeting of Stockholders on Monday, June 10, 2024, at 8:15 a.m. Mountain Time.

Stockholders of record as of April 16, 2024, can participate by logging in at the designated meeting website using their 16-digit control number provided on their proxy card or Notice of Internet Availability of Proxy Materials.

The meeting will allow stockholders to listen, vote, and submit questions. The webcast will also be available on Liberty Broadband's investor relations website, with an archive accessible post-meeting after SEC filings.

Liberty Broadband's principal assets include its stake in Charter Communications and GCI, Alaska's largest communications provider. GCI offers data, wireless, video, voice, and managed services throughout Alaska and nationwide.

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Liberty Broadband reported first quarter 2024 results with key highlights: Fair value of Charter investment at $13.4 billion, share repurchases, GCI revenue flat at $245 million, operating income at $37 million, and Adjusted OIBDA at $90 million. Liberty Broadband's balance sheet shows cash decreased due to Charter share sales, GCI cash decreased from operations, and debt decreased as GCI repaid $60 million under its senior credit facility. GCI's financial results remained flat with revenue down 1% in Consumer segment, flat in Business segment, and net capital expenditures expected to be around $200 million for the full year 2024.

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Liberty Broadband will be represented by its President and CEO, Greg Maffei, at the MoffettNathanson Media, Internet & Communications Conference on May 14th in New York City. Mr. Maffei will discuss the company's financial performance and future prospects.

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Liberty Broadband will host a conference call to discuss Q1 2024 results, including financial performance and outlook for Liberty Broadband and Liberty TripAdvisor Holdings, Inc.
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FAQ

What services does Liberty Broadband Corporation provide?

Liberty Broadband Corporation provides video, internet, and voice services to residential, and small and medium business customers in the United States.

What are the segments through which the company operates?

The company operates through Skyhook and Charter segments.

What is the offering of Skyhook segment?

The Skyhook segment offers precision location solution for mobile device makers, wireless carriers, and asset tracking platforms.

What is geospatial insights by Skyhook?

Geospatial insights by Skyhook is a location intelligence and data insights service for enterprises, research firms, financial institutions, and advertisers.

How does Liberty Broadband Corporation enhance customer experience?

The company enhances customer experience by benchmarking performance, targeting customers, and measuring the efficacy of advertising campaigns.

What are the revenue sources of Liberty Broadband Corporation?

The company derives the majority of its revenue from GCI Holdings.

Where does Liberty Broadband Corporation operate?

Liberty Broadband Corporation serves in the telecommunications industry in the United States.

What are the key services provided by Liberty Broadband Corporation?

The key services provided by the company include video services, internet services, voice services, and mobile services.

What are the reportable segments of Liberty Broadband Corporation?

The reportable segments of the company are GCI Holdings and Charter.

How does Liberty Broadband Corporation contribute to location determination?

The company contributes to location determination by providing precise location solutions for mobile devices and asset tracking platforms.

Liberty Broadband Corporation

Nasdaq:LBRDA

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7.83B
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9.63%
81.91%
0.31%
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