20.51 0.00 (0.00%)
After hours: 4:00PM EST
|Bid||20.02 x 800|
|Ask||20.98 x 900|
|Day's Range||20.40 - 21.08|
|52 Week Range||19.69 - 28.62|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||1.26|
|Earnings Date||Aug 05, 2019 - Aug 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.45|
Liberty Global plc today announced its full-year 2019 and Q4 2019 financial results. Our former operations in Austria, Germany, Hungary, Romania and the Czech Republic, along with our DTH business (collectively, the "Discontinued Operations") have been accounted for as discontinued operations. Unless otherwise indicated, the information in this release relates only to our continuing operations.
Investing.com - Liberty Global (NASDAQ:LBTYA) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Liberty Global plc ("Liberty Global" or the "Company") (NASDAQ: LBTYA, LBTYB and LBTYK) today announced it has expanded its relationship with Plume to give consumers more control over devices connected to their home network.
Liberty Global plc ("Liberty Global") (NASDAQ: LBTYA, LBTYB and LBTYK), one of the world’s leading converged video, broadband and communications companies, today announced a multi-year deal with Netflix (NASDAQ: NFLX) that will continue to offer 11 million video customers in Europe convenient access to the Netflix service, including some of today’s most popular and award-winning series, movies and original content, such as The Irishman, Sex Education and The Witcher.
Liberty Global plc ("Liberty Global") (NASDAQ: LBTYA, LBTYB, LBTYK), one of the world’s leading converged video, broadband and communications companies, today announced that it has selected Infosys (NYSE: INFY) as the strategic partner to ensure business continuity in the company’s transfer of approximately 300 roles across operations management and service delivery.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BT Group Plc is expecting a 500 million-pound ($650 million) hit over the next five years from the U.K.’s decision to restrict Huawei Technologies Co. in the nation’s broadband infrastructure.Chief Executive Officer Philip Jansen said Thursday the telecommunications company is reviewing the government’s guidance to determine the full impact on its plans. Huawei is one of BT’s biggest suppliers of telecom equipment, and in the U.K. has a 44% market share in full-fiber components.BT shares fell 6.3% at 9:37 a.m. in London after the company reported third-quarter profit that missed analyst estimates. The impact on BT of the new rules on telecom suppliers was “worse than expected,” said analysts led by Carl Murdock-Smith at Berenberg.Britain decided on Tuesday to ban the Shenzhen-based vendor’s gear from the core of new wireless networks and cap its market share in next-generation 5G technology and fiber-to-the-home at 35%. Carriers have three years to make the needed changes. Though BT had already begun efforts to remove Huawei from the core of the EE mobile network it acquired in 2016, it will now need to lean more on other suppliers such as Nokia Oyj for the rest.U.K.’s Huawei Limits Invite New Players to Redraw Telecom MarketThe bulk of the cost to meet the new guidelines will come from the need to switch some Huawei 4G kit to gear made by a different supplier, in order for new 5G equipment to be layered on top of the older antennas, Jansen said on a call with reporters.“Targets stay the same, costs go up, and there’s a lot of operational upheaval. But we can manage it,” Jansen said. As for the time limits, Jansen said that three years is “one of the options we considered, and what we said today is we can do that, no problem.”His initial assessment is the first from one of the nation’s top carriers. For BT, the matter is not the only regulatory issue that could weigh on its future.Fiber InvestmentBT also called for more clarity on the U.K.’s push to roll out fiber-optic broadband across the country, pointing to the need for a fair return on further investment, and lower property taxes. A step-up in construction could need an extra 400 million pounds to 600 million pounds per year, which may need to be funded from a cut to the dividend or additional borrowing.“Boris’s objective of full fiber to the whole country by 2025 is possible. It’s just very very hard. And we have no time to waste,” Jansen said on an call to reporters. “My sadness is I don’t think those things will get resolved quickly and therefore he may well miss” the target.BT reported adjusted earnings before interest, tax, depreciation and amortization of 1.98 billion pounds, versus a company-compiled consensus of 2 billion pounds. The miss was due to underperformance at the company’s IT services division.Prospects for a marked improvement in profitability any time soon are dim: Rivals have undercut BT on prices for new 5G mobile services, Vodafone Group Plc has poached key enterprise customer Liberty Global Plc, while watchdog Ofcom is introducing rules which make it easier for customers to find lower tariffs and switch providers.What Bloomberg Intelligence Says“A cut to BT’s dividend from fiscal 2021 now looks almost inevitable, in our view, as higher 5G and full-fiber network build-out costs add to an enduring squeeze on profit from regulation and rivalry.”\--Matthew Bloxham, telecom analystJansen said the profit result was “slightly” below expectations, and “we remain on track to meet our outlook for the full year.”However James Ratzer and Ben Rickett, analysts at New Street Research, questioned the company’s ability to achieve profit growth by next year, and said the costs from the government’s Huawei decision could be a precursor to a reduction in free cash flow expectations.The consensus of analyst estimates published by BT is for Ebitda to increase 0.2% by the end of the fiscal year ending in March 2021. Jansen’s predecessor, Gavin Patterson, said in May 2018 that Ebitda could return to growth from 2021.“The current Ebitda trends will also raise questions on whether FY21 Ebitda can grow, as consensus and the company currently expect,” the analysts said.(Adds CEO quote in sixth and ninth paragraphs, analyst comment in last paragraph, updates share price)To contact the reporter on this story: Thomas Seal in London at email@example.comTo contact the editors responsible for this story: Rebecca Penty at firstname.lastname@example.org, Jennifer RyanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Liberty Global plc ("Liberty Global") (NASDAQ: LBTYA, LBTYB and LBTYK), one of the world’s leading converged video, broadband and communications companies, announced that Severina Pascu will join Virgin Media as Chief Financial Officer (CFO) and Deputy Chief Executive Officer (CEO) effective February 1, 2020. Ms. Pascu is currently CEO of Liberty Global’s Swiss operations, UPC Switzerland, and will be succeeded in that role by Baptiest Coopmans, Senior Vice President Operations for Liberty Global and a key executive with the company for the past seven years.
ZURICH/FRANKFURT (Reuters) - Sunrise Communications chief executive Olaf Swantee has quit and Chairman Peter Kurer said he will not run for re-election after a shareholder uprising blocked the group's $6.3 billion bid for Liberty Global's Swiss cable unit. Sunrise said its Chief Financial Officer Andre Krause, a German national, will immediately succeed Swantee as the new CEO, a step which was welcomed by Freenet , the telecom firm's largest shareholder. Freenet, a German telecommunications company which holds a 24.56% Sunrise stake, was a vocal opponent of the UPC deal.
ZURICH/FRANKFURT, Jan 3 (Reuters) - Sunrise Communications chief executive Olaf Swantee has quit and Chairman Peter Kurer said he will not run for re-election after a shareholder uprising blocked the group's $6.3 billion bid for Liberty Global's Swiss cable unit. Sunrise said its Chief Financial Officer Andre Krause, a German national, will immediately succeed Swantee as the new CEO, a step which was welcomed by Freenet, the telecom firm's largest shareholder. Freenet, a German telecommunications company which holds a 24.56% Sunrise stake, was a vocal opponent of the UPC deal.
It has been a fantastic year for equity investors as Donald Trump pressured Federal Reserve to reduce interest rates and finalized the first leg of a trade deal with China. If you were a passive index fund investor, you had seen gains of 31% in your equity portfolio in 2019. However, if you were an […]
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
The Netherlands aims to rake in at least 900 million euros ($992 million) from its first auction of bandwidth for 5G networks, it said on Thursday, adding some equipment suppliers could be banned from the new networks if they raise security concerns. European governments are grappling with how to treat Huawei Technologies Co Ltd after the United States alleged the Chinese telecoms supplier's equipment could be exploited by Beijing for spying. Huawei strongly denies the allegations.
The Netherlands unveiled plans on Thursday to auction bandwidth for 5G networks, saying some telecoms suppliers could be banned if they had close ties to foreign governments or intelligence agencies involved in spying. Secretary of State Mona Keijzer said in a statement that the government's first auction of the 700, 1400, and 2100Mhz ranges would take place by June 30 with a floor of 900 million euros ($992 million). An auction of the 3.5Mhz range most commonly associated with 5G is being delayed as the Dutch government moves a ground satellite system that would interfere with it to a new location.