Liberty Global, Inc.NASDAQ
Mon, Nov. 21, 12:19 PM
Thu, Nov. 17, 11:59 AM
- The day after Vodafone's (VOD +1.2%) CEO suggested at a Barcelona conference that regulators might now be more favorable to a strategic tie-up with Liberty Global (LBTYA +3.4%), Liberty put some water on that suggestion at the Morgan Stanley gathering.
- Asked whether the two companies' merging of Dutch operations could provide a template for more/bigger deals, Liberty CEO Mike Fries says "Hard to say, (but) I would probably say not."
- The Netherlands arrangement was a "unique situation" and the two companies aren't currently talking about more, he said.
- "We were bigger then them in this market," he says. "So for us it was a net cash-out deal. It was a small market, (so) a good way to get to know each other."
Wed, Nov. 16, 6:28 PM
- After its attempt at bigger collaboration in Europe failed last winter, Vodafone (VOD +0.4%) says continental regulators might look more favorably on a deal it could arrive at with Liberty Global (LBTYA +3%) now.
- "The European Commission has clearly indicated that they like the idea of stronger competitors to former incumbents," CEO Vittorio Colao said at Morgan Stanley's conference in Barcelona.
- The two companies agreed in February to merge their Dutch operations via a joint venture; that followed the breakdown of talks over a bigger European asset swap last fall.
- Despite that, many analysts say the reasoning behind getting the two together is still there. And Colao says incumbent telecoms are still powerful.
- "They see that in each country there is a KPN, a Telecom Italia, a Deutsche Telekom, a BT, that are at the end of the day still incredibly, I would not want to use the word dominant, but let's say influential. And you want a counter force, and we could be that counter force," he said.
Fri, Nov. 4, 10:18 AM
- Vodafone (VOD -0.3%) has sold its fixed-line operations in the Netherlands to T-Mobile Nederland (OTCQX:DTEGY -0.9%).
- That's part of a concession it made to EU regulators in order to secure approval for its bigger merger -- of its operations in the country with Ziggo, the Dutch unit of Liberty Global (LBTYA +2.1%).
- Europe in early August signed off on the deal, which will create a stronger competitor to Dutch incumbent Royal KPN (OTCPK:KKPNY -1.3%).
Thu, Nov. 3, 6:00 PM
Tue, Oct. 18, 6:43 PM
- Liberty Global (NASDAQ:LBTYA) is shoring up its lead in Poland, sealing a $760M cash deal to take over the cable business of Multimedia Polska.
- Multimedia Polska is the No. 3 cable provider in the country, and adding it brings the reach of Liberty's UPC Poland to more than 4M homes and businesses.
- UPC Poland had passed 3.1M homes (about 20% of households) at the end of June, while Multimedia had passed 1.6M homes. Poland made up 2.2% of Liberty Global's 2015 sales.
- The deal's expected to close in the next 12 months.
Mon, Sep. 26, 12:53 PM
- Liberty Global (LBTYA -3%) is partnering with Ericsson (ERIC -0.3%) to push DVR services in Latin America.
- The expansion comes via Liberty's VTR (in Chile) and Liberty Cablevision of Puerto Rico, part of the company's LiLAC Group (LILAK -0.8%, OTCPK:LILAB). The two hope to capitalize on shifting tastes in the region for time-shifting television watching and for consumer mixing and matching services.
- The push will utilize Ericsson's Video Storage and Processing Platform, which aims to simplify TV recording capabilities
Tue, Sep. 20, 1:02 PM
- There's "reasonable grounds" to believe that broadcaster Sky (OTCQX:SKYAY -1.1%) broke consumer rules by making canceling service too difficult, a British regulator says.
- That includes problems customers had trying to switch to competitors like market-leading BT Group (BT +0.6%), Virgin Media (LBTYA +0.2%) and TalkTalk (OTC:TKTCY) -- and it could set Sky up for a major fine from Ofcom.
- The agency said Sky -- Britain's No. 2 broadband provider (24% market share), 39% owned by Twenty-First Century Fox (FOX -0.3%, FOXA -0.2%) -- may have broken the rules between May 2015 and July 2015 on landline and broadband services.
- For its part, Sky said it was "very disappointed" with the decision and would review it before a fuller response.
- The company has a month to produce a written response, or face a fine that could hit £1M, like what it levied against mobile operator EE for a similar complaint.
Wed, Sep. 14, 11:24 AM
- Liberty Global (LBTYA +0.7%) has set a deal with Netflix (NFLX +1.8%) to integrate the streaming giant's app into its cable systems across more than 30 countries.
- The multi-year deal builds on the smaller launch of Netflix on Liberty's Virgin Media system in the UK in 2013.
- Customers will be able to easily search and browse Netflix content without switching to a different device, and new customers to Netflix can sign up directly via the app on the TV.
- The latest agreement will kick off with the Netherlands, launching Netflix on Liberty's Horizon box, and rollouts will continue into and through 2017.
- For Netflix, the deal follows on a summer arrangement to get into Comcast's X1 video system.
Mon, Sep. 12, 1:05 PM
- Liberty Global (LBTYA +4.5%) has taken a stake in Glory Sports International, parent company to a kickboxing league, in a round of Series B financing for Glory.
- That round was led by Yao Capital, the investment firm founded by ex-NBA player Yao Ming along with former Wanda Group CIO David Han and partner Erik Zhang.
- Yao took a significant strategic stake in the funding, which also featured existing Glory shareholders Twin Focus Capital. Yao and Glory will pursue an immediate launch of a JV in China.
- "Glory is a great fit for Liberty Global's content investment strategy," says Liberty Global Chief Programming Officer Bruce Mann. "We find investing in up-and-coming sports both interesting and strategic. I believe Liberty Global's support and operational leverage in combination with the arrival of Yao Capital as an investor positions Glory extremely well to deliver on their vision."
Thu, Aug. 25, 9:58 AM
- Liberty Global (LBTYA -0.4%) has a transition in its finance leadership, with co-chief financial officer Bernie Dvorak electing to retire at the end of the year following a three-decade career in the industry.
- Charlie Bracken will become sole CFO; he had joined Liberty's predecessor operations in Europe and was named co-CFO when Liberty Global was formed in 2004.
- In addition, the company is adding Jason Waldron as chief accounting officer, effective Oct. 1; he's currently partner for KPMG. Dvorak's oversight had included accounting, compliance, and investor relations.
Fri, Aug. 12, 2:19 PM
- As it prepares a merger with the Dutch unit of Vodafone (NASDAQ:VOD), Ziggo Group (LBTYA -0.3%) has more than doubled its debt-raising plans, to $3.9B, Bloomberg reports.
- It now is said to be raising €2.6B (about $2.9B) in a leveraged euro-denominated loan and $1B in a dollar loan.
- That comes in an environment of higher appetite for risky assets, and an average loan price in Europe of 97.6 cents/euro.
- Last week, a usually reticent European Commission gave its approval to the merger of Ziggo and Vodafone Netherlands, conditioned on Vodafone selling its fixed-line business there.
Mon, Aug. 8, 11:18 AM
- UK telecom regulator Ofcom is backing off a probe into TV soccer rights after figuring it doesn't have the people power to make a determination of harm.
- The office was working to assess whether a rights auction for broadcasting Premier League games was hurting consumers, but rather than weighing in on that, it will cite workload as a reason for ending the investigation, The Telegraph is reporting.
- The probe was spurred by a complaint from Virgin Media (LBTYA +1.3%), which claimed restricting live matches created a cost-hiking barrier to competition.
- The Premier League is reportedly making changes based on the outcry, with moves to boost live matches in the next auction to 190 from a current 168. Minority rights holder BT (BT -0.5%) is set to get more matches as well.
Thu, Aug. 4, 5:12 PM
Wed, Aug. 3, 5:35 PM
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Wed, Aug. 3, 10:20 AM
- The European Commission has approved a merger in the Netherlands of Liberty Global's (LBTYA +1.6%) cable firm Ziggo with Vodafone Netherlands (VOD +0.4%), on the condition that Vodafone sell its fixed business.
- Liberty Global has jumped from an open in the red to positive ground this morning.
- That makes a strong competitor to incumbent provider Royal KPN (OTCPK:KKPNY). Ziggo is the Netherlands' top cable provider, and Vodafone is the second-largest mobile operator.
- The two companies had reportedly offered concessions last month to get the deal done, and it appears the EC's main concern was Vodafone's quick expansion in the fixed-line market.
- In keeping with other such regulatory reviews, the EC denied a request from the Dutch competition regulator to probe the deal but said it consulted with the agency in its review.