Liberty Global Plc - LBTYA STOCK NEWS

A study by EY for Liberty Global reveals that the US, Germany, the UK, and France are set to benefit the most from AI in the telecommunications industry. The report highlights the transformative impact of AI on job efficiency, with potential for $7 trillion in global economic gains. The telecoms industry is crucial in unlocking AI's benefits, with the US leading in yearly wages saved through AI adoption.

Liberty Global announces its intention to spin-off 100% of Sunrise to maximize shareholder value, supported by strong cash generation, attractive growth outlook, and experienced management. The spin-off aims to unlock Sunrise's fully distributed value, listing it on the SIX Swiss Exchange with Liberty Global investing up to CHF1.5B for debt reduction.

Liberty Global Ltd. achieved its full-year 2023 guidance, delivered stable to growing revenue despite competition and cost challenges, repurchased 18.5% of shares, and announced a Strategy Update during its year-end investor call. The Q4 2023 financial results highlighted strong performance, postpaid growth, and improved broadband operations across FMC markets. Despite a U.S. litigation-related tax payment impacting Distributable Cash Flow, the company exceeded its guidance. Progress in fixed network strategies, including gigabit speed expansion and fiber rollout, was notable. VMO2 and VodafoneZiggo also reported positive financial and operational highlights. The ESG initiatives showcased the company's commitment to People, Planet, and Progress.

Liberty Global Ltd. plans to release its full-year 2023 results on February 15, 2024, followed by an Investor Call on February 16, 2024. The 90-minute call will cover Q4 and FY 2023 results, as well as a strategic update on value creation and capital allocation. The webcast and investor presentation will be available on the company's website.

Liberty Global plc announced its Q3 2023 financial results, reporting improved fixed revenue performance and positive net adds in the U.K. broadband market. The company completed the acquisition of Telenet and repurchased $1.3 billion of stock. They are on track for redomiciliation to Bermuda and updating their revenue guidance. The press release also highlighted operational highlights and financial results of their subsidiaries Sunrise, Telenet, VMO2, and VodafoneZiggo.

Liberty Global plc will be presenting at the Morgan Stanley European Technology, Media & Telecom Conference on November 15, 2023. The presentation will include observations about historical operating performance and outlook. The webcast will be available on the company's website for 30 days.

Liberty Global announces completion of voluntary public takeover bid for Telenet Group Holding NV

Liberty Global to present at Morgan Stanley Telecoms CTO Symposium on September 25, 2023

Telenet will become 100% owned by Liberty Global. Telenet shares delisted at close of trade on 13 October 2023.