Liberty Global Plc - LBTYA STOCK NEWS

DigitalBridge Group has announced the acquisition of Telenet’s mobile telecommunications tower business in Belgium for €745 million (about $820 million). This all-cash deal, funded by a mix of debt and equity, enables DigitalBridge to own 100% of Telenet’s passive infrastructure, comprising 3,322 sites. The acquisition is expected to strengthen DigitalBridge's position in the market, catering to rising 5G deployment needs. A 15-year Master Lease Agreement ensures stable cash flows, while an anticipated closing in Q2 2022 boosts growth prospects for both companies.

Inseego Corp (Nasdaq: INSG) has announced the launch of its 5G MiFi® M2000 mobile hotspot in partnership with Sunrise UPC, enhancing connectivity for their customers across Switzerland. This device supports 5G and advanced 4G LTE, allowing reliable internet access for up to 30 devices simultaneously. The hotspot delivers gigabit-plus data speeds and is designed for various applications, including tourism and healthcare. Inseego's innovative solutions continue to meet the growing demand for high-performance 5G products, reaffirming their leadership in smart device-to-cloud solutions.

Liberty Global plc reported a significant Q2 2021 with revenue of $3.1 billion, marking a 14.1% YoY increase. The net earnings surged to $11.17 billion due to the Virgin Media O2 joint venture, providing a robust competitive stance in the U.K. and across Europe. Adjusted Free Cash Flow is projected to grow 26% YoY, reaching $1.35 billion. The company plans to repurchase 10% of its equity market cap annually over the next three years, reflecting confidence in its financial strategy. Subscriber growth was evident with 139,000 additions in Q2, amidst operational synergies and a commitment to expanding fiber network.

Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) released its 2020 Corporate Responsibility report, highlighting significant achievements in sustainability and community support. The company improved energy efficiency by 44%, refurbished over 2 million set-top boxes, and issued its first Green Bond through its Netherlands joint venture. Recognized as one of the world's most sustainable companies by the Dow Jones Sustainability World Index, Liberty Global continues to focus on digital progress and responsible connectivity as it serves 85 million subscribers in Europe.

Liberty Global has scheduled its second quarter 2021 results announcement for July 29, 2021, after the Nasdaq market closes. An Investor Call will follow on July 30, 2021, at 09:00 a.m. (ET), where management will discuss results and may share forward-looking information. Participants can access the call by dialing 800-289-0459 (domestic) or +1 720-543-0298 (international). The investor presentation and a listen-only webcast will be hosted on Liberty Global's Investor Relations webpage. The company serves 85 million subscribers across Europe with an annual revenue exceeding $7 billion.

Liberty Global will present at the Bank of America Telecom, Media & Internet Conference on June 15, 2021, at 10:00 a.m. ET. The presentation will cover historical performance and future outlook, accessible via a live webcast at www.libertyglobal.com, with an archive available for 30 days. Liberty Global, a leader in broadband, video, and mobile services, serves 85 million subscribers in Europe and the UK through brands like Virgin Media and VodafoneZiggo, while its investment arm, Liberty Global Ventures, has stakes in over 50 companies.

Liberty Global plc (NASDAQ: LBTYA, LBTYB, LBTYK) will hold its 2021 Annual General Meeting of Shareholders on June 16, 2021, at 9:00 a.m. MT. Due to the Covid-19 pandemic, the meeting will be conducted via an audio webcast accessible at libertyglobal.com. Shareholders wishing to ask questions must submit them by June 10, 2021. The meeting location is 1550 Wewatta Street, Suite 1000, Denver, Colorado, 80202, though in-person attendance may be limited based on Covid-19 regulations.

Liberty Global plc (NASDAQ: LBTYA, LBTYB, LBTYK) will present at the Evercore ISI Inaugural Technology, Media & Telecom Conference on June 7, 2021, at 9:30 a.m. ET. The company plans to discuss its historical performance and future outlook, with the presentation available via live webcast on its website. Liberty Global, a leading provider of converged video, broadband, and communications services, operates in seven European countries, supporting 49 million subscriptions across various sectors. The webcast will be archived for 30 days for investor access.

The UK’s Competition & Markets Authority (CMA) has approved the joint venture between Liberty Global and Telefonica to merge Virgin Media and O2. This deal, now expected to close by June 1, 2021, combines the UK’s fastest broadband network and largest mobile operator. The joint venture aims to create a leading integrated communications provider with £11 billion in revenue and £6.2 billion in synergies post-integration. Lutz Schüler and Patricia Cobian have been appointed CEO and CFO respectively upon completion, marking a significant advancement in UK telecommunications.