Goldman Sachs Communacopia conference

Liberty Global positioning itself for fixed-mobile future, says Fries

Liberty Global’s sale of its German and central European assets and planned sale of its Swiss unit “all make sense” in a market that is moving towards fixed-mobile convergence, but the company nevertheless sees “a lot of runway” to build value from its remaining assets, according to CEO Mike Fries. Speaking at Goldman Sachs Communacopia […]

Liberty Global will ‘lean’ towards shareholders with US$12bn Vodafone cash proceeds

Liberty Global will have US$12 billion (€10 billion) in cash to potentially spend on M&A or share buybacks as well as paying off debt following its sale of assets to Vodafone, but with no obvious transaction on the horizon is likely to look to return a substantial portion to shareholders, according to president and CEO […]

Netflix CFO defends US$6bn content spend

Netflix financial chief David Wells has claimed Netflix’s multi-billion dollar content spend is the key factor in the international SVOD service’s subscription growth. CFO Wells reiterated Ted Sarandos’ recent admission Netflix would spend US$7 billion on shows – mostly original content – in 2018, and has said spending US$20 million an hour on originals was […]

CEO brushes off Comcast concerns

NBCUniversal (NBCU) parent Comcast is in rude health despite a recent stock price drop, according to its CEO. Comcast’s market cap recently fell around US$16 billion (€13 billion) after a predicted loss of up 150,000 video customers in Q3 was revealed. The share price has since recovered somewhat, but concerns linger. This is still well […]

Altice USA aims to double in size in five years

Cable and telecom provider Altice Group’s US division aims to double in size over the next five years, but will adopt a cautious approach to M&A and will focus on the cable sector, according to CEO Dexter Goei, speaking at the Goldman Sachs Communacopia conference in New York. Goei said that Altice was open to […]