Belgian operator Proximus and Telenet have both secured rights to UEFA Champions League football, with Proximus claiming to remain the ‘reference’ for Champions League fans in the face of Telenet securing Dutch-language Champions League rights and exclusive Dutch-language rights to Europa and Conference league matches. The Belgian telco has renewed the broadcasting rights for all […]
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. […]
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, […]
Liberty Global’s third-quarter earnings and revenue have fallen short of analysts’ expectations, with the cable giant posting a rebased sales drop of 4.3% to US$1.85 billion and a drop in earnings of 66.2% to US$822.7 million. Liberty Global’s adjusted EBITDA dropped 16.9% on a rebased basis to US$597.7 million. The drop in revenue came despite […]
Liberty Global has taken 100% control of Belgium’s Telenet Group following a squeeze-out of all the shares of Telenet that it did not already own or that were not held by Telenet. Completion of the squeeze out meant that Telenet was delisted from the stock exchange as of October 13. Liberty Global received acceptances for […]
Fibre offers a “significantly more cost efficient” upgrade path for cable “than both DOCSIS 3.1 and DOCSIS 4.0,” according to Liberty Global CTO Enrique Rodriguez, while DOCSIS 3.1 is in certain circumstances able to deliver ultra-fast bandwidth to suit current and predicted future demand. Speaking on a Morgan Stanley CTO Symposium webinar yesterday, Rodriguez said […]
Liberty Global is to reopen its offer for all remaining shares in Belgium’s Telenet as a squeeze-out after its €21 a share offer secured acceptances that gave it 96.26% of the total share capital of the company. Liberty Global received accept4ances for 3,164,944 Telenet shares1 during the mandatory reopening period, which ended on 13 September 2023. […]
Virgin Media O2 contracts will include the right to raise prices in line with the UK retail price index going into 2024, obviating the effect of this year’s price hikes which led to a significant upping in churn because the company’s customers, unlike those of rivals, had the right to terminate. “We [now] have a […]
Liberty Global will “look at all options” for its operating companies in the Benelux region, as part of a wider approach where “nothing is off the table” to realise the true value of the parent company. Asked on an analyst call after the company posted its Q2 financials whether soon-to-be-consolidated Belgian operator Telenet could be […]
Liberty Global’s subscriber numbers were hit by the impact of price hikes in the second quarter, while the impact of those price rises on revenue has largely still to be felt. Fries said that the company’s commercial momentum had been affected by the price rises across its markets. While these will support EBITDA growth in […]
