International pay TV platform operator Liberty Global has said it plans to buy back another US$1 billion (€760 million) of its own shares.
The company, which has pay TV operations in 13 countries and also owns Chellomedia, has already been aggressively buying back its stock.
Liberty embarked on a stock repurchase programme in 2005, since when it has repurchased over US$9 billion of equity.
The company will acquire different classes of its own shares through 2013, taking the cumulative buyback total to over US$10 billion.
The news came on the same day it was confirmed that Liberty Global was joining the Nasdaq 100 Index of top-performing companies.
ICYMI: Securing your revenue in the new age of video piracy: DTVE’s Digital Symposium looks at the threat and how t… twitter.com/i/web/status/1…
18 September 2020 @ 21:00:01 UTC
ICYMI: Smaller SVODs risk failure if they don’t partner up says Moody’s analyst digitaltveurope.com/2020/09/18/sma… https://t.co/m06WtotRRE
18 September 2020 @ 20:00:00 UTC
ICYMI: Premier League secures stop-gap deal in China with Tencent Sports digitaltveurope.com/2020/09/18/pre… https://t.co/S8p38pJmxu
18 September 2020 @ 18:00:02 UTC