Liberty Global Plc Stock Price, News & Analysis

Liberty Global has completed the acquisition of Sunrise Communications AG, securing over 98% of its share capital. Following regulatory approvals, Liberty Global's subsidiary, UPC Schweiz GmbH, initiated an all-cash public tender offer. Sunrise is set to be delisted from the SIX Swiss Exchange as it transitions to a wholly-owned subsidiary, with integration expected to complete by early 2021. This move aims to enhance connectivity services in Switzerland, combining UPC's broadband network with Sunrise's advanced 5G capabilities.

Liberty Global will present at the Morgan Stanley European Technology, Media and Telecom Conference on November 18, 2020, at 12:20 p.m. ET. The company plans to discuss its historical performance and future outlook during the virtual event. The presentation will be available for live streaming on their website, with an archive accessible for 30 days post-event. Liberty Global operates in six European countries, serving 11 million customers with 25 million services, and holds 50% of VodafoneZiggo in the Netherlands, catering to an additional 4 million customers.

Liberty Global plc reported its Q3 2020 financial results, revealing a rebased revenue decline of 1.3% year-over-year, totaling $2.95 billion. The company saw a significant increase in losses from continuing operations, up 266% to $973.6 million. Despite these challenges, Liberty added 37,000 customer relationships, its best performance in over three years. Adjusted EBITDA fell 5% to $1.21 billion, while capital intensity decreased to below 20%. Liberty maintains strong liquidity, reporting over $9 billion in total liquidity and buying back $1 billion in shares this year.

Liberty Global has successfully completed its cash tender offer for Sunrise Communications Group, acquiring 96.6% of the shares. Following the settlement expected on November 11, 2020, Liberty Global plans to delist Sunrise from the SIX Swiss Exchange and initiate a squeeze-out procedure, making it a wholly-owned subsidiary. Liberty Global, a leading broadband and communication company, operates in six European countries, serving millions of customers across various services.

Liberty Global (Nasdaq: LBTYA) announced the provisional end results of its cash tender offer for all publicly held shares of Sunrise Communications Group AG. As of the end of the additional acceptance period, 43,670,149 shares, representing 96.48% of Sunrise's fully diluted share capital, have been tendered. The tender offer's completion is subject to regulatory approvals, after which Liberty Global plans to delist Sunrise shares and initiate a squeeze-out process to make it a wholly-owned subsidiary. The expected settlement date is November 11, 2020.

Liberty Global (NASDAQ: LBTYA) announced the successful interim results of its tender offer for Sunrise Communications Group AG (SIX: SRCG). As of the end of the main offer period, 37,107,859 shares, representing 81.98% of Sunrise's fully diluted share capital, have been tendered. The necessary condition for acceptance, two-thirds of shares, has been met. An additional acceptance period will begin on October 15, 2020, and end on October 28, 2020. Liberty Global plans to complete the acquisition and subsequently delist Sunrise shares, potentially leading to negative tax implications for certain shareholders.

Liberty Global (Nasdaq: LBTYA) has announced provisional interim results for its all-cash tender offer to acquire Sunrise Communications. As of the offer's closing, 37,107,859 shares, equating to 81.98% of Sunrise's fully diluted share capital, have been tendered. The minimum acceptance condition has been met. An additional acceptance period will commence on October 15, 2020, lasting until October 28, 2020. Following settlement, Liberty Global plans to initiate a squeeze-out procedure, resulting in Sunrise becoming a wholly-owned subsidiary, which could have tax implications for non-tendering shareholders.

Liberty Global (NASDAQ: LBTYA) announced it will release its third quarter 2020 results on November 4, 2020, after market close. An Investor Call is scheduled for November 5, 2020, at 9:00 a.m. ET, where management will discuss the results and may provide forward-looking information. Investors can join via designated numbers. Liberty Global operates in six European countries and serves 11 million customers with broadband, TV, and telephony services, as well as 6 million mobile subscribers. The company also has a 50% stake in VodafoneZiggo.