LBTYK - Liberty Global Plc
| Previous Close | 25.10 |
| Open | 25.22 |
| Bid | 24.59 x 2200 |
| Ask | 24.60 x 800 |
| Day's Range | 24.58 - 25.51 |
| 52 Week Range | 19.24 - 32.48 |
| Volume | 1,036,758 |
| Avg. Volume | 3,064,560 |
| Market Cap | 18.477B |
| Beta (3Y Monthly) | 1.36 |
| PE Ratio (TTM) | 26.53 |
| EPS (TTM) | 0.93 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 36.50 |
- Reuters•5 days ago
Sunrise confident shareholders will back $6.3 billion Liberty Global deal
Sunrise Communications believes it can win shareholder backing to raise $4.1 billion (3.12 billion pounds) to complete its takeover of Liberty Global's Swiss business, Chief Executive Olaf Swantee told Reuters. Swantee said he believed the $6.3 billion deal could still be completed despite Sunrise's largest shareholder opposing the structure of the deal to buy UPC in a transaction which would transform Switzerland's telecoms landscape. The executive has met more than 100 investors to convince them about the deal, which would create a stronger rival to state-controlled Swisscom in providing mobile phone, cable television and internet services.
- Reuters•5 days ago
Sunrise confident shareholders will back $6.3 bln Liberty Global deal
Sunrise Communications believes it can win shareholder backing to raise $4.1 billion to complete its takeover of Liberty Global's Swiss business, Chief Executive Olaf Swantee told Reuters. Swantee said he believed the $6.3 billion deal could still be completed despite Sunrise's largest shareholder opposing the structure of the deal to buy UPC in a transaction which would transform Switzerland's telecoms landscape. The executive has met more than 100 investors to convince them about the deal, which would create a stronger rival to state-controlled Swisscom in providing mobile phone, cable television and internet services.
- Reuters•6 days ago
Vodafone to receive EU warning over $22 billion Liberty deal - sources
Vodafone will receive a warning from EU regulators about possible anti-competitive effects from its $22 billion (16.6 billion pounds) deal to buy Liberty Global's German and eastern European assets, two people familiar with the matter said on Wednesday. The warning, via a statement of objections setting out the European Commission's concerns, is expected to be conveyed to the companies shortly, the sources said, ahead of a June 3 deadline for the EU executive's regulatory approval. The world's second-largest mobile operator and U.S. cable pioneer John Malone's Liberty announced the deal in May last year in a move that would help Vodafone to compete with rival Deutsche Telekom in its home market.
- Reuters•6 days ago
Vodafone to receive EU warning over $22 bln Liberty deal -sources
Vodafone will receive a warning from EU regulators about possible anti-competitive effects from its $22 billion deal to buy Liberty Global's German and eastern European assets, two people familiar with the matter said on Wednesday. The warning, via a statement of objections setting out the European Commission's concerns, is expected to be conveyed to the companies shortly, the sources said, ahead of a June 3 deadline for the EU executive's regulatory approval. The world's second-largest mobile operator and U.S. cable pioneer John Malone's Liberty announced the deal in May last year in a move that would help Vodafone to compete with rival Deutsche Telekom in its home market.
- Reuters•6 days ago
EU regulators to warn Vodafone, Liberty Global about $22 bln deal - sources
EU antitrust regulators are set to warn Vodafone and Liberty Global about the possible anti-competitive effects of their $22 billion deal, two people familiar with the matter said on Wednesday. The warning, via a statement of objections setting out the European Commission's concerns, is expected to be conveyed to the companies shortly, the people said. The EU antitrust enforcer opened a full-scale investigation into the deal in December last year, saying that Vodafone's purchase of Liberty Global's assets in Germany and east Europe may hurt competition in Germany and the Czech Republic.
- Bloomberg•21 days ago
Vodafone Planning $4.5 Billion Convertible Bonds Sale
The two sets of sterling-denominated securities, announced Tuesday, will help pay for the $22 billion purchase of Liberty Global’s German and Eastern European units, part of the U.K. telecommunications company’s push to refocus on the continent after years scaling back its global ambitions. Vodafone Chief Executive Officer Nick Read is trying to rein in debt as he prepares to close the Liberty deal, which still needs approval from European competition authorities. The mandatory convertible bond sale plans, previously reported by Bloomberg, follow Vodafone’s issuance of almost 2.9 billion pounds ($3.8 billion) of mandatory convertible bonds three years ago.
- Bloomberg•26 days ago
Swiss Sale Leaves Malone With More Cash for Next Europe Move
Liberty Global expects to earn $16 billion from deals announced or completed in the last 14 months and investors are keen to know if it will spend the money on acquisitions -- especially as the pending sale of the fast-growing German business has made it harder for the company to maintain the same growth profile. “Today’s announcement further validates our strategy of building or enabling national champions in our core European markets,” Liberty Global Chief Executive Officer Mike Fries said in a statement. UPC Switzerland has been Liberty Global’s worst-performing unit as it loses customers in an aggressive discounting war and a tie-up with Sunrise has long been discussed.
Reuters•26 days agoSunrise hits snag after announcing $6.3 billion deal for Liberty Global's Swiss assets
Sunrise said earlier on Thursday that it had agreed to buy UPC Switzerland from John Malone's Liberty Global and that it would finance the transaction with a $4.1 billion rights issue. The acquisition will bolster Sunrise's position against Switzerland's dominant mobile and internet provider Swisscom and comes as Malone is cashing out of some of his European investments. In a potential obstacle, however, Freenet, which owns a nearly 25 percent stake in Sunrise, said it would not participate in the rights issue, arguing that it saddles existing investors with all the risk.
- Reuters•26 days ago
Sunrise investor Freenet to skip rights issue to fund Liberty Global deal
Sunrise Communication's quarter-owner Freenet said on Thursday it will not take part in a $4.1 billion rights issue to fund the Swiss telecommunications group's takeover of Liberty Global's UPC Switzerland ...
- Reuters•26 days ago
Sunrise challenges Swisscom with $6.3 bln deal for Liberty Global's assets
Liberty Global is the vehicle of U.S. cable pioneer John Malone, who is cashing out of some of his European investments. Sunrise shares fell as much as 13 percent after the company said on Thursday it had agreed to purchase Liberty's UPC Switzerland as it said it would be accompanied by a 4.1 billion Swiss franc ($4.1 billion) rights issue. Sunrise said it will pay Liberty Global around 2.7 billion francs in cash and assume 3.6 billion Swiss francs of UPC's debt.
Reuters•26 days agoSunrise seeks to compete on price after $6.3 billion UPC deal
Swiss telecoms group Sunrise wants to crank up price competitiveness following its 6.3 billion Swiss franc ($6.3 billion) takeover of Liberty Global's Swiss unit and also expects job cuts from the deal, Chief Executive Olaf Swantee told Reuters on Thursday. The purchase of Liberty's UPC Switzerland, to be accompanied by a 4.1 billion francs rights issue, bolsters Sunrise's position as Switzerland's second-largest telecoms company, and creates a bigger challenger to market leader Swisscom. Stakeholder Freenet -- which holds about a quarter of Sunrise's shares -- has not yet decided whether it can or will take part in the rights issue, Sunrise Chief Financial Officer Andre Krause told Reuters in the same call.
Motley Fool•26 days agoLiberty Global PLC (LBTYA) Q4 2018 Earnings Conference Call Transcript
LBTYA earnings call for the period ending December 31, 2018.
- The Wall Street Journal•27 days ago
[$$] John Malone’s Liberty Global to Sell Swiss Operation
Cable tycoon John Malone is cashing out of Switzerland. Mr. Malone’s Liberty Global PLC, a holding company for European cable assets, said Wednesday that it will sell its Swiss unit, UPC Switzerland, to Sunrise Communications Group AG in a deal with an enterprise value of about $6.3 billion. Liberty said it would receive roughly $2.6 billion in cash from Sunrise, a Swiss telecommunications firm.
- Reuters•27 days ago
Sunrise buys Liberty Global's Swiss business in $6.29 billion deal
The purchase strengthens Sunrise's position as Switzerland's second largest telecoms company, and is another European sale by Liberty Global which divested its Austrian business to T-Mobile Austria last year. Sunrise will pay Liberty Global 2.6 billion Swiss francs in cash, and assume 3.6 billion Swiss francs of UPC's debt, the company said in a statement.
- Business Wire•27 days ago
UPC Holding BV (“UPC Holding”), UPCB Finance IV Limited (“UPCB IV”) and UPCB Finance VII Limited (“UPCB VII”) announce agreement by Liberty Global plc to sell Swiss operation of UPC Group (as defined below) to Sunrise Communications Group AG (“Sunrise”)
UPC Holding (together with its subsidiaries and their related businesses, the “UPC Group”), today announces that its parent, Liberty Global plc (“Liberty Global”) and Sunrise have entered into a binding agreement (the “Acquisition Agreement”) for the acquisition by Sunrise of the UPC Group’s Swiss operation. Sunrise will acquire the business inclusive of the UPC Group’s existing senior and senior secured notes (as set out below) (the “Proposed Acquisition”).
- Business Wire•27 days ago
Liberty Global Reports Full Year and Fourth Quarter 2018 Results
Announced the sale of UPC Switzerland for a total enterprise value of CHF 6.3 billion1
- Business Wire•27 days ago
Liberty Global to Sell UPC Switzerland to Sunrise
Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announced that it has reached a binding agreement to sell its Swiss operation, UPC Switzerland, to Sunrise Communications Group AG (“Sunrise”). At December 31, 2018, UPC Switzerland’s network passed 2.3 million homes and served 1.1 million customers who subscribed to 1.1 million video, 700,000 broadband and 520,000 voice services. Liberty Global will sell UPC Switzerland for a total enterprise value of CHF 6.3 billion ($6.3 billion1) on a U.S. GAAP basis.
- CNBC•27 days ago
Stocks making the biggest moves premarket: Lowe's, Best Buy, Weight Watchers, Office Depot & more
Lowe's LOW – The home improvement retailer beat estimates by a penny a share , with quarterly profit of 80 cents per share. Revenue was slightly below forecasts, and a 1.7 percent comparable-store sales increase was below the Refinitiv forecast of a 2.1 percent rise. Best Buy BBY – The electronics retailer reported adjusted quarterly profit of $2.72 per share, 15 cents a share above estimates.
- Bloomberg•27 days ago
John Malone’s European Temptation
Shareholders in the cable tycoon’s Liberty Global Plc need to be alert to the risk that this is preparation for another splurge of buying. The latest part of the portfolio to be pruned is in Switzerland. On Wednesday, cable operator Sunrise Communications Group AG said it was in talks to buy Malone’s UPC Switzerland in a deal valuing the company at about 6.3 billion Swiss francs ($6.3 billion) on a debt-free basis.
- Reuters•27 days ago
Sunrise in advanced talks for Liberty Global's $6.3 billion Swiss unit
Sunrise Communications has entered "advanced discussions" to buy Liberty Global's Swiss business in a deal which values the internet and digital television provider at 6.3 billion Swiss francs ($6.30 billion). Sunrise said it would only pursue a deal for UPC Schweiz if it was "strategically compelling and demonstrably value creative for its shareholders," and said no final decision had been made. A purchase could strengthen Sunrise's position as Switzerland's second-largest telecoms company, and would be another European sale by Liberty Global which divested its Austrian business to T-Mobile Austria last year.
