Welcome to our dedicated page for Liberty Broabd news (Ticker: LBRDP), a resource for investors and traders seeking the latest updates and insights on Liberty Broabd stock.
Liberty Broadband Corporation (LBRDP) operates at the intersection of telecommunications infrastructure and precision location intelligence. This dedicated news hub provides investors and industry observers with essential updates about the company's cable services expansion, geospatial analytics innovations, and strategic developments.
Access timely press releases and curated analysis covering earnings announcements, infrastructure investments, and partnerships within Liberty Broadband's dual-focused operations. Our repository ensures stakeholders stay informed about critical updates in both residential broadband services and enterprise-level location solutions.
Key content categories include quarterly financial results, network technology advancements, Skyhook geospatial service enhancements, and regulatory developments. Each update is vetted for relevance to investor decision-making and market trend analysis.
Bookmark this page for streamlined access to LBRDP's latest business milestones. Combine our news collection with the company's SEC filings and industry reports for comprehensive due diligence in the evolving telecom sector.
Liberty Broadband reported a strong second quarter 2021, with revenues from GCI growing 7% to $238 million. The company maintained a 26% equity interest in Charter, with a fair value of $41 billion. Liberty Broadband repurchased 7.5 million shares of Series C stock, spending $1.3 billion, and increased share repurchase authorization to $2.5 billion. Operating income improved to $18 million, and adjusted OIBDA rose 14% to $89 million, driven by subscriber growth and demand for data.
Yukon-Kuskokwim Health Corporation (YKHC) and GCI are applying for a $53 million federal grant to enhance internet connectivity in Bethel, Alaska. The project aims to provide high-speed, low-latency fiber internet, achieving urban-level speeds of 1 gigabit per second, impacting 30,000 residents and local businesses. The application for funding will be submitted to the NTIA by September 1, 2021, with awards expected by the year's end. YKHC states that this will significantly improve accessibility and affordability of internet services in the remote region.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) is set to host a conference call on August 6, 2021, at 11:15 a.m. (E.D.T.) to discuss its Q2 2021 results. A press release detailing these results will be issued prior to market open on the same day. The call will include a brief Q&A session, addressing financial performance and future outlook for Liberty Broadband and Liberty TripAdvisor Holdings. The conference will be available via live internet broadcast and can be accessed later as a replay on Liberty Broadband’s website.
GCI has announced a transformative $150 million partnership with Intelsat to enhance its satellite capacity. This collaboration aims to increase GCI's geosynchronous satellite capacity, addressing the growing connectivity needs in rural Alaska. The partnership will provide access to expanded C-band, Ku-band, and new Ka-band services, nearly quadrupling GCI's satellite capacity. GCI emphasizes its commitment to rural communities and will integrate future technologies, including low earth orbit satellites, ensuring a robust network for their customers.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (LBRDP). The dividend will be payable on July 15, 2021, to shareholders of record as of June 30, 2021. Liberty Broadband holds significant interests in communications companies, notably Charter Communications and its subsidiary GCI, Alaska's largest communications provider, serving the region for nearly 40 years.
GCI, Alaska's largest telecommunications company, announced plans to deliver 2 gig internet access to 77% of Alaskans by 2022, becoming a national leader in internet speeds. This expansion includes an upgrade from the current 1 gig service at no additional cost for existing customers on GCI+ red plans. GCI also revealed plans to enhance service to remote communities, with the eventual goal of providing 10 gig speeds in the next five years. The company has invested over $3 billion in its Alaska network over the past 40 years.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has announced that Ron Duncan, CEO of GCI, will present at the TD Securities Virtual Telecom & Media Conference on May 26 at 2:10 p.m. E.D.T. The presentation will cover GCI's financial performance and future outlook. Interested parties can register for the live webcast on the Liberty Broadband website starting two days prior to the event. An archived version will also be available post-event, following SEC filings. Liberty Broadband primarily holds an interest in Charter Communications and operates through its subsidiary, GCI.
Liberty Broadband Corporation will host its virtual Annual Meeting of Stockholders on May 26, 2021, at 9:00 a.m. M.T. Stockholders recorded by March 31, 2021, can participate through www.virtualshareholdermeeting.com/LBRD2021. A Q&A session featuring Chairman John Malone and CEO Greg Maffei will follow, where they may discuss financial performance and outlook. Questions for the session are to be submitted via email by May 19, 2021. Access to the meeting will also be available on Liberty Broadband's website.
Liberty Broadband Corporation (LBRDA, LBRDK, LBRDP) reported first quarter results for 2021, highlighting a fair value of its Charter investment at $36 billion. The company generated $978 million from selling 1.6 million Charter shares while maintaining a 26% equity interest. Liberty Broadband repurchased 6.1 million LBRDK shares for $923 million at an average price of $152.30. GCI revenue grew 5% to $242 million, with adjusted OIBDA rising 11% to $96 million. The company's balance sheet showed $1.4 billion in cash and total debt of $4.8 billion.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced that CEO Greg Maffei will present at the MoffettNathanson Media & Communications Virtual Summit on May 12 at 2:00 p.m. E.D.T. His presentation may include insights on the company's financial performance and future outlook.
The event will be streamed live online, and interested individuals can register on Liberty Broadband's website. An archived version of the presentation will also be available for 180 days following the event.
