Mike Fries


Fries: Liberty will be ‘buyer or seller’ in markets where it lacks scale

Liberty Global is likely to look at M&A opportunities at a national level primarily but its main focus is its platform and delivering value for shareholders, according to president and CEO Mike Fries. Interviewed on stage at the UBS Annual Global Media and Communications conference, Fries, asked about the potential for a merger with Vodafone […]

Liberty Global ‘looking at possible sale’ of Swiss and Austrian units

Liberty Global is looking at a possible sale of its Swiss and Austrian operations, according to a report in UK newspaper The Telegraph. The move could help pave the way for a £175 billion merger between the cable giant and Vodafone. According to The Telegraph, citing unnamed sources, Liberty is working on a potential disposal […]

Liberty Global likely to move to common UI ‘at some point’

Liberty Global intends “at some point to have [its] entire European digital footprint operating on a common platform and perhaps a common UI”, according to president and CEO Mike Fries. Speaking to analysts after Liberty announced its Q3 results, Fries said that the company was “heading towards a common video platform everywhere in Europe, which […]

Liberty Global sees upside from ‘fragmented’ European OTT market

Liberty Global is benefitting from a fragmented, and in some cases still underdeveloped, OTT market in Europe according to CEO Mike Fries. Speaking on Liberty’s second quarter earnings call, Fries described the “steady improvement in the video business” as one of Liberty’s “untold stories”. He said that a number of factors are contributing to the […]

Fries: Liberty Global ‘cannot afford to stand still’ on convergence

Liberty Global remains committed to developing convergent offerings despite an ongoing industry-wide decline in mobile revenues, according to president and CEO Mike Fries. Talking to analysts after the cable giant reported its latest quarterly figures, Fries said that “strategically, we cannot afford to stand still, and we are not standing still” in developing a mobile […]

Liberty Global’s Fries to keynote at Cable-Tec Expo

Liberty Global CEO Mike Fries will be the first of two general session keynote speakers at the SCTE-ISBE Cable-Tec Expo organised by the Society of Cable Telecommunications Engineers (SCTE) in Denver in October. Fries, who will speak on October 18, will discuss a wide range of topics during his keynote conversation, including how the convergence […]

Liberty Global faces ‘speed bump’ in UK, but long-term growth prospects good

Liberty Global remains committed to the UK market and remains confident about its long-term growth prospects despite hitting a “speed bump” that had contributed to share-price volatility recently, according to president and CEO Mike Fries. Speaking to investors at the company’s annual shareholders meeting, Fries said that after averaging 20% return on equity for the […]

Liberty Global’s Fries: acquisition of ITV is ‘not interesting’

ITV’s market valuation and the premium that would be required to buy it means that the commercial broadcaster is “not interesting” as an acquisition target to Liberty Global, according to president and CEO Mike Fries. Answering an analyst question on ITV, in which Liberty Global holds a 9.9% stake, after the cable giant reported less […]

Combining fixed and mobile failing to deliver synergies, says Fries

Combining fixed and mobile assets and marketing quad-play services has so far failed to deliver significant synergies and the mobile business remains under pressure globally, according to Liberty Global president and CEO Mike Fries. Speaking to analysts after Liberty Global’s financial results, Fries said that he hadn’t “yet seen what the real advantages are from […]

Liberty Global adds quarter of a million next-gen TV subscribers

Liberty Global added 253,000 next-generation TV subscribers in Q1, and said the UK and Germany contributed to its best first quarter video performance in the last 10 years. This was in spite of an 18% year-on-year decline in European operating income at US$431 million, with “challenging” mobile results in the UK and Belgium and “softer […]