Liberty Global


Liberty Global to spin off 100% of Swiss Sunrise to shareholders

Liberty Global is to spin off 100% of Swiss operating company Sunrise to shareholders. The company says the spin-off “aims to maximize shareholder value by unlocking the fully distributed value of Sunrise over time, supported by Sunrise’s fully integrated FMC challenger position, attractive growth outlook, excellent expected cash generation and experienced management team”. The international […]

Virgin Media expects EBITDA hit as it ups investment

Virgin Media O2, Liberty Global’s UK joint venture with Telefónica, expects stable or declining revenue and a low-to-mid single-digit decline in EBITDA this year as it invests between £2-£2.2 billion across networks and services. “Looking ahead, the 2024 outlook will be impacted by incremental investment in key initiatives to drive future growth, including increased marketing […]

Liberty Global’s Fries: telcos need to sell more and separate networks

Liberty Global – as part of the telecom industry more generally – needs to tap new revenue streams by providing more services to consumers, while looking to a split between infrastructure and services to release value, according to CEO Mike Fries. Speaking to CNBC at the recent World Economic Forum in Davos, Fries said that […]

Sunrise confirms redundancies

Liberty Global-backed Swiss operator Sunrise has confirmed it is making 166 staff redundant as it attempts to cut costs and implement what it describes as a leaner company structure. The redundances follow a consultation process that resulted in an initial plan to make 180 staff redundant was scaled back to the 166 announced today. The […]

Liberty Global’s Sunrise plans to cut 200 jobs

Liberty Global-owned’s Swiss telco company, Sunrise, has outlined plans to cut 200 jobs as part of an aim to streamline the company’s structures, following its merge with UPC in 2021.  A variety of leadership positions will be cut by mid-January to the end of March 2024 at the latest, with reductions expected to lead to […]

Liberty Global’s Fries: ‘Grinding’ European telecoms industry needs consolidation

The European telecoms business is badly in need of consolidation, according to Liberty Global CEO Mike Fries. Speaking at the Morgan Stanley’s European Technology, Media & Telecom Conference in Barcelona, Fries said that the European telecoms space remained highly fragmented compared with other parts of the world, and that action is needed to fix this. […]

nexfibre unveils nationwide rollout plans for 2024

Fibre network operator nexfibre has unveiled next year’s nationwide rollout plan of reaching 5 million premises across the UK by the end of 2026. The company revealed more than 500,000 premises passed and were ready for service (RFS) at the end of September 2023. With broad coverage across the UK, nexfibre indicates significant build across […]

D’Olieslager named CEO of Telenet’s Eltrona

Liberty Global-owned Belgian operator Telenet and its Luxembourg subsidiary Eltrona Interdiffusion have named Bart D’Olieslager as the new CEO of Eltrona. Telenet has been looking for a new CEO for Eltrona since it took over all of operator’s activities in Luxembourg in December last year. Karl Abelshausen, VP Finance M&A, Integration and Tax at Telenet, […]

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