Liberty Global CEO Mike Fries
Liberty Global’s spin-off of its Latin American and Caribbean assets with the creation of a tracking stock is a “good deal for investors” that will “give investors a choice…to decide where they want to invest”, according to president and CEO Mike Fries.
Fries, speaking on an analyst call after Liberty Global’s full-year results at the end of last week, said that the spin-off of the unit, known as LiLAC, will be put to a shareholder vote on February 24.
Fries said that there is a “significant opportunity to expand” in Latin America, where broadband penetration is limited to 25% and pay TV to 40%.
LiLAC will comprise VTR in Chile and Liberty’s Puerto Rican subsidiary Cablevision. Fries said that there was a “very interesting consolidation opportunity” in the region that would be easier to communicate to investors within a dedicated organization. However the move to a tracking stock would still enable Liberty to share management expertise, technology innovation and purchasing power across the larger group, he said.
ICYMI: Du partners with @PrimeVideo. #VOD https://t.co/vgfkUtp1dr https://t.co/jGCUvR7FAc
20 October 2018 @ 17:00:00 UTC
ICYMI: @llnw and @ericsson partner on #content delivery. https://t.co/NWp4CwuLyK https://t.co/vPPVpSkaT7
20 October 2018 @ 15:00:01 UTC
The winner of the Content Innovation Award for Outstanding Digital Achievement, @daznglobal's Ben Lavender discusse hhttps://t.co/g03HmTGKIF
20 October 2018 @ 13:00:01 UTC
DTVE Week In View: @netflix's Asian growth #DTVEWeekInView https://t.co/EqYkVj1SXz https://t.co/w4k10xZFtY
20 October 2018 @ 12:00:00 UTC
.@ooyala's management buys out company from @Telstra. #TopStoriesOfTheWeek https://t.co/v6Ik3Hl7tu https://t.co/t8RNSeNRhu
20 October 2018 @ 09:00:00 UTC
