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Liberty Broadband Corporation Series A Cumulative Redeemable Preferred Stock - LBRDP STOCK NEWS

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Liberty Broadband Corporation, a cable operator, provides video, internet, and voice services to residential and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers precision location solutions for mobile device makers, wireless carriers, and asset tracking platforms. It also provides geospatial insights for enterprises, research firms, financial institutions, and advertisers. Liberty Broadband Corp serves in the telecommunications industry in the United States, providing cable services through fiber, hybrid fiber, and coaxial cable infrastructure.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced an $800 million upsized private offering of 3.125% exchangeable senior debentures due 2054. The debentures, exchangeable for Charter Communications Class A common stock, offer initial purchasers an option to buy an additional $120 million worth. Each $1,000 principal amount is initially exchangeable for 2.5442 shares of Charter stock, with an initial exchange price of $393.05 per share. The offering, closing on July 2, 2024, aims to repay $500 million in margin loans, repurchase $300 million of Liberty’s 3.125% debentures due 2053, and for general corporate purposes. Interest payments are quarterly, starting December 31, 2024, and the debentures can be redeemed or purchased back on or after December 15, 2028.

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Liberty Broadband (Nasdaq: LBRDA) announced a private offering of $500 million in exchangeable senior debentures due 2054, potentially increasing to $575 million if initial purchasers exercise their option to buy more. These debentures can be exchanged for Charter Communications Class A stock, or its cash equivalent, during specified periods. The company plans to use the proceeds for debt repayment and general corporate purposes. The offering is to Qualified Institutional Buyers and isn't registered under the Securities Act of 1933 or state securities laws.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock, payable on July 15, 2024, to shareholders of record as of July 1, 2024. Liberty Broadband operates a diverse range of communications businesses and holds significant interests in Charter Communications and GCI, Alaska's largest communications provider. GCI offers data, wireless, video, voice, and managed services across Alaska and nationwide.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) will hold its virtual Annual Meeting of Stockholders on Monday, June 10, 2024, at 8:15 a.m. Mountain Time.

Stockholders of record as of April 16, 2024, can participate by logging in at the designated meeting website using their 16-digit control number provided on their proxy card or Notice of Internet Availability of Proxy Materials.

The meeting will allow stockholders to listen, vote, and submit questions. The webcast will also be available on Liberty Broadband's investor relations website, with an archive accessible post-meeting after SEC filings.

Liberty Broadband's principal assets include its stake in Charter Communications and GCI, Alaska's largest communications provider. GCI offers data, wireless, video, voice, and managed services throughout Alaska and nationwide.

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Liberty Broadband reported first quarter 2024 results with key highlights: Fair value of Charter investment at $13.4 billion, share repurchases, GCI revenue flat at $245 million, operating income at $37 million, and Adjusted OIBDA at $90 million. Liberty Broadband's balance sheet shows cash decreased due to Charter share sales, GCI cash decreased from operations, and debt decreased as GCI repaid $60 million under its senior credit facility. GCI's financial results remained flat with revenue down 1% in Consumer segment, flat in Business segment, and net capital expenditures expected to be around $200 million for the full year 2024.

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Liberty Broadband will be represented by its President and CEO, Greg Maffei, at the MoffettNathanson Media, Internet & Communications Conference on May 14th in New York City. Mr. Maffei will discuss the company's financial performance and future prospects.

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Liberty Broadband will host a conference call to discuss Q1 2024 results, including financial performance and outlook for Liberty Broadband and Liberty TripAdvisor Holdings, Inc.
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Liberty Broadband Corporation declares a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock, payable on April 15, 2024, to holders of record as of April 1, 2024.
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Liberty Broadband Corporation reported fourth quarter and year-end 2023 results, highlighting a fair value of Charter investment at $18.0 billion and revenue growth of 1% to $981 million for GCI. The company's focus on mobile and rural expansion initiatives shows promising results, aiming to enhance shareholder value.
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Liberty Broadband Corporation will host a conference call to discuss fourth-quarter 2023 results on February 16th. The press release and conference call may cover financial performance and outlook of Liberty Broadband and Liberty TripAdvisor Holdings, Inc.
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FAQ

What is the current stock price of Liberty Broadband Corporation Series A Cumulative Redeemable Preferred Stock (LBRDP)?

The current stock price of Liberty Broadband Corporation Series A Cumulative Redeemable Preferred Stock (LBRDP) is $25.02 as of December 24, 2024.

What services does Liberty Broadband Corporation provide?

Liberty Broadband provides video, internet, and voice services to residential and small and medium business customers in the United States.

What are the segments through which Liberty Broadband operates?

The company operates through Skyhook and Charter segments.

What is the focus of the Skyhook segment of Liberty Broadband?

The Skyhook segment offers precision location solutions for mobile device makers, wireless carriers, and asset tracking platforms.

Who does Liberty Broadband's geospatial insights cater to?

Geospatial insights are provided for enterprises, research firms, financial institutions, and advertisers.

What type of infrastructure does Liberty Broadband use for its cable services?

The company provides cable services through fiber, hybrid fiber, and coaxial cable infrastructure.

Where does Liberty Broadband predominantly operate?

Liberty Broadband operates in the telecommunications industry in the United States.

What are the reportable segments of Liberty Broadband?

The reportable segments are GCI Holdings and Charter.

What is the majority revenue source for Liberty Broadband?

The company derives the majority of its revenue from GCI Holdings.

What are the key services provided by Liberty Broadband for residential customers?

The services include video services, internet services, voice services, and mobile services.

What are the services offered by Liberty Broadband for commercial customers?

Commercial services include solutions for small and medium businesses, enterprise solutions, advertising services, and other services.

Liberty Broadband Corporation Series A Cumulative Redeemable Preferred Stock

Nasdaq:LBRDP

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LBRDP Stock Data

6.69M
6.84%
24.03%
Telecom Services
Cable & Other Pay Television Services
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United States of America
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