Liberty Global


Fries: Liberty’s sale of assets is ‘important inflection point for cable’

Liberty Global’s sale of assets marks “a pretty important inflection point for European cable” following a period of organic and acquisition growth for the company, according to CEO Mike Fries, speaking at the UBS Global Media and Communications Conference yesterday. He said that cable in Europe now faces telecom competitors that are “pretty darn good […]

EU reportedly set to launch full investigation of Liberty-Vodafone deal

The EU is likely to launch a full investigation of Liberty Global’s planned sale of its German and central European assets to Vodafone, according to a Reuters report, citing an unnamed source. The opening of an in-depth investigation by the EU would imply that the EC will reject the request by the German competition regulator, […]

Virgin Media customers with Netflix ‘happier and more loyal’

Virgin Media customers who adopt Netflix via the Virgin Media platform are happier and more loyal than subscribers who don’t take up the SVOD service, and the cable operator’s customers are more likely to subscribe to Netflix than non-customers, according to research by the Liberty Global-owned company. While UK households’ adoption of Netflix stands at […]

UPC Switzerland commissions new eSports offering

Liberty Global-owned Swiss cable operator UPC Switzerland has commissioned a new eSports format for its MySports service. The eSports offering, Good Game – die eSports Revolution, is targeted at new and casual gamers. The service will air in 15-minute episodes devoted to a specific game, with explanation of the game’s goals and principles and material […]

Convergence conundrums

Liberty Global’s management strongly believe that the company’s share price is cheap, and the forthcoming sale of the cable giant’s German and CEE businesses is seen as an opportunity to buy back shares and thereby return cash to investors. Charlie Bracken, Liberty’s chief financial officer, used his presence at the recent Morgan Stanley European Media […]

UPC Poland names chief marketing officer

Liberty Global-owned cable operator UPC Poland has made two senior management appointments, following a change in the management structure of the company that came into force on November 15. The cable operator has named Bogdan Bucurei as chief marketing officer, while Jerzy Gołębiowski, board member responsible for strategy, has added the role of B2B director […]

Liberty Global CFO rules out big acquisitions as company mulls strategic options

Liberty Global will use proceeds from the sale of its German and CEE businesses to Vodafone principally to return cash to investors in the form of buybacks and has no plans for big acquisition, according to Charlie Bracken, the company’s EVP and CFO, speaking at the Morgan Stanley European Media & Technology conference last week. […]

Virgin Media to contest Ofcom early termination fine

Virgin Media is to appeal a fine levied by UK regulator Ofcom for making excessive charges for early termination of contracts. The cable operator said hat it “strongly disagrees” with Ofcom’s ruling and believes to be “both unjustified and disproportionate”. Virgin said it would appeal the decision before the Competition Appeal Tribunal. Ofcom announced today […]

Fries: German Cartel Office move is ‘no surprise’

German competition watchdog the Bundeskartellamt’s move to have the EC refer Vodafone’s planned acquisition of Unitymedia to was “totally expected and not a surprise at all” for Unitymedia parent Liberty Global and the company remains confident that the deal will be approved, according to president and CEO Mike Fries. Speaking to analysts after Liberty posted […]

Virgin Media powering Liberty Global as overall residential cable revenues dip

Strong growth from the UK’s Virgin Media has powered Liberty Global Q3 performance, while overall the cable giant saw residential cable revenue fall and mobile and B2B revenue rise. Virgin Media delivered revenue-generating unit additions of 105,000 in the third quarter, with growth from existing and new build areas being driven by its triple-play offers. […]