Liberty Global Stock Price, News & Analysis

Liberty Global plc (LBTYA, LBTYB, LBTYK) announced the release of its first quarter 2023 results scheduled for May 9, 2023. An Investor Call will follow on May 10, 2023, at 09:00 a.m. (Eastern Time), where company management will discuss the results and possibly share forward-looking insights. Stakeholders can access a listen-only webcast and investor presentation via Liberty Global's website, which will remain archived for at least 75 days. Liberty Global is a leading provider of converged broadband, video, and mobile communication services, offering over 86 million connections across Europe and the UK, with annual revenues exceeding $7 billion.

Liberty Global plc (NASDAQ: LBTYA, LBTYB, LBTYK) has announced an intention to launch a voluntary public takeover bid for all remaining shares of Telenet Group Holding NV it does not already own. Currently, Liberty Global owns 59.18% of Telenet. The offer price of EUR 22.00 per share represents a premium of 59% compared to Telenet's closing price on 15 March 2023. The bid is conditional upon acquiring at least 95% of Telenet's shares, with support confirmed from Telenet's board. If successful, Liberty Global plans to launch a simplified squeeze-out bid following the acquisition.

Liberty Global announced a voluntary public takeover bid for Telenet Group, offering EUR 22.00 per share, a 59% premium over Telenet's closing price on March 15, 2023. This move aims to acquire shares not already owned, as Liberty Global currently holds 59.18% of Telenet. Telenet's board supports the bid and plans to issue a formal opinion. The bid is subject to approval and may adjust based on Telenet's dividend payment. Funding for the acquisition will come through non-recourse debt financing. Liberty Global is committed to its operations in Belgium, emphasizing Telenet's growth under its ownership.

Liberty Global plc (NASDAQ: LBTYA, LBTYB, LBTYK) will present at the New Street Research Fiber to the Future Conference on March 28, 2023, at 11:15 am EDT. The presentation will cover the company's historical operating performance and outlook and will be webcast live on www.libertyglobal.com. Liberty Global provides over 86 million connections across Europe and the UK, generating annual revenues exceeding $7 billion. The company operates major brands such as Virgin Media and VodafoneZiggo and has a global investment arm with a portfolio of over 75 companies. The webcast will be archived for 30 days.

Liberty Global reported its Q4 2022 results, achieving all guidance targets and exceeding Full Company Distributable Cash Flow guidance with $1.6 billion, a 17% YoY growth. The company saw a net addition of 197,000 broadband and postpaid mobile subscribers in Q4. Despite challenges from high energy and labor costs, Liberty maintained strong operating margins and liquidity of over $6 billion. The firm has committed to a 10% share buyback in 2023, having repurchased 14% of shares in 2022. Notably, adjusted EBITDA declined by 13.4% YoY, highlighting ongoing pressures. Overall revenue grew 0.8% on a rebased basis, with strategic advancements in network infrastructure.

Liberty Global announced the acquisition of 1,335 million shares in Vodafone, representing 4.92% of its outstanding capital, for about £225 million. This investment, termed an 'opportunistic and financial investment' by CEO Mike Fries, is primarily funded through non-recourse financing. Liberty Global's portfolio includes over 75 companies in various sectors, and it does not plan to seek board representation at Vodafone. The company emphasized that its capital will be replenished through the sale of non-core assets. No regulatory approvals are required for this transaction and Liberty Global has no intention of making a formal offer for Vodafone.

Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) will announce its full-year 2022 results on February 22, 2023, with an investor call scheduled for February 23, 2023 at 09:30 a.m. ET. This call will cover the results and may include forward-looking information. The event will be available via a listen-only webcast on the Liberty Global website, which will also host an archived version for 75 days. Liberty Global is a leader in broadband, video, and mobile services, providing over 86 million connections across Europe and the UK.