Liberty Broadban Stock Price, News & Analysis

Liberty Broadband reported its fourth quarter and full-year 2020 results, highlighting the completion of GCI Liberty acquisition on December 18, 2020. GCI's revenue grew 12% to $251 million in Q4, with operating income at $20 million and adjusted OIBDA rising 20% to $89 million. Liberty's repurchase authorization increased to approximately $2.5 billion as they repurchased 1.8 million shares at an average price of $154.87. Additionally, the fair value of Charter investment was reported at $39 billion as of December 31, 2020.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) will have its President and CEO, Greg Maffei, present at the Morgan Stanley Technology, Media and Telecom Conference on March 1^st at 4:15 p.m. E.S.T. Maffei may discuss the company's financial performance and future outlook. The presentation will be available via live webcast, and interested viewers can register on the Liberty Broadband website. A recording will be accessible for 180 days post-presentation.

About Liberty Broadband: The company holds interests in communications, primarily through Charter Communications, and operates GCI, Alaska's largest communications provider.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) will hold a conference call on February 26 at 11:15 a.m. EST to discuss its fourth-quarter 2020 results. CEO Greg Maffei will cover financial performance and outlook for Liberty Broadband and its subsidiary, Liberty TripAdvisor Holdings. The call provides an opportunity for analysts and investors to ask questions post-prepared remarks. Interested participants can register for the live webcast on Liberty Broadband's website, with replay available for one year following appropriate SEC filings.

On January 25, 2021, GCI and Quintillion announced a partnership to enhance telecommunications services in Nome and Kotzebue, Alaska. This collaboration aims to deliver 1 Gigabit internet speeds, akin to those in urban centers like Anchorage and Fairbanks. The service improvements will support telecommuting, streaming, and essential sectors such as healthcare, education, and business. This initiative is timely, addressing the increasing demand for reliable internet during the COVID-19 pandemic, and represents a step toward reducing the digital divide in underserved communities.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock. The payment will be made on January 15, 2021, to shareholders on record as of December 31, 2020. The company primarily invests in communications businesses, with significant assets in Charter Communications and subsidiaries like GCI and Skyhook. GCI holds the position of Alaska’s largest communications provider, serving both consumer and business clients across challenging terrains.

Liberty Broadband Corporation (Nasdaq: LBRDA) has completed a private offering of $825 million in 1.25% exchangeable senior debentures due 2050. The debentures are exchangeable for Charter Communications, Inc. Class A common stock, with an initial exchange price of $900 per share, equating to approximately 916,657 shares. Interest is payable quarterly starting March 31, 2021. The funds will be used for general corporate purposes, including debt repayment and stock repurchases. The offering is unregistered under the Securities Act, available only to Qualified Institutional Buyers.

Liberty Broadband Corporation announced its private offering of $750 million in 1.25% exchangeable senior debentures due in 2050. These debentures are exchangeable for Charter Communications, Inc. Class A common stock, with an initial exchange price of approximately $900 per share. An additional $75 million in debentures may be offered. Proceeds will be used for general corporate purposes, including debt repayment. The offering is set to close on November 23, 2020, subject to conditions. The debentures are not registered under the Securities Act.

Liberty Broadband Corporation (NASDAQ: LBRDA) announced a private offering of $650 million in exchangeable senior debentures due 2050, potentially increasing to $715 million if the option is fully exercised. The debentures are exchangeable for Charter Communications, Inc. Class A common stock and will be offered to Qualified Institutional Buyers. Proceeds will be used for general corporate purposes, including repaying debt and repurchasing common stock. The offering is not registered under the Securities Act, limiting its sale unless exempt.

Liberty Broadband Corporation (Nasdaq: LBRDA) is set to hold its annual Investor Meeting on November 20, 2020, following Qurate Retail's Investor Meeting. Scheduled to start at 10:05 a.m. M.T., the virtual meeting will be accessible to shareholders, analysts, and press. Attendees can submit questions via email until November 13, 2020. The event will cover financial performance and outlook. An archive of the webcast will be available for one year post-event. Presentations will include insights from companies like Charter Communications and LendingTree.