Liberty Global Ltd. - LBTYA STOCK NEWS

Liberty Global (NASDAQ: LBTYA) will present at the UBS Global TMT Virtual Conference on December 7, 2020, at 11:10 a.m. ET. The company plans to discuss its historical operating performance and future outlook during the live webcast available on its website. Liberty Global is a leading converged video, broadband, and communications company operating in seven European countries. With a significant customer base, it provides innovative digital services and invests heavily in various media and sports sectors.

Liberty Global (Nasdaq: LBTYA) recently appointed André Krause as CEO and Severina Pascu as Deputy CEO of its newly combined Swiss operations following the acquisition of Sunrise Communications AG. Krause, formerly CEO of Sunrise, will focus on integrating the two companies’ offerings, including UPC’s gigabit broadband and Sunrise’s 5G networks, to enhance service quality for Swiss consumers. CEO Mike Fries highlighted their proven track records in leadership and innovation, describing them as a 'dream team' to spearhead growth strategies for the newly formed Sunrise UPC.

Liberty Global has completed the acquisition of Sunrise Communications AG, securing over 98% of its share capital. Following regulatory approvals, Liberty Global's subsidiary, UPC Schweiz GmbH, initiated an all-cash public tender offer. Sunrise is set to be delisted from the SIX Swiss Exchange as it transitions to a wholly-owned subsidiary, with integration expected to complete by early 2021. This move aims to enhance connectivity services in Switzerland, combining UPC's broadband network with Sunrise's advanced 5G capabilities.

Liberty Global will present at the Morgan Stanley European Technology, Media and Telecom Conference on November 18, 2020, at 12:20 p.m. ET. The company plans to discuss its historical performance and future outlook during the virtual event. The presentation will be available for live streaming on their website, with an archive accessible for 30 days post-event. Liberty Global operates in six European countries, serving 11 million customers with 25 million services, and holds 50% of VodafoneZiggo in the Netherlands, catering to an additional 4 million customers.

Liberty Global plc reported its Q3 2020 financial results, revealing a rebased revenue decline of 1.3% year-over-year, totaling $2.95 billion. The company saw a significant increase in losses from continuing operations, up 266% to $973.6 million. Despite these challenges, Liberty added 37,000 customer relationships, its best performance in over three years. Adjusted EBITDA fell 5% to $1.21 billion, while capital intensity decreased to below 20%. Liberty maintains strong liquidity, reporting over $9 billion in total liquidity and buying back $1 billion in shares this year.

Liberty Global has successfully completed its cash tender offer for Sunrise Communications Group, acquiring 96.6% of the shares. Following the settlement expected on November 11, 2020, Liberty Global plans to delist Sunrise from the SIX Swiss Exchange and initiate a squeeze-out procedure, making it a wholly-owned subsidiary. Liberty Global, a leading broadband and communication company, operates in six European countries, serving millions of customers across various services.

Liberty Global (Nasdaq: LBTYA) announced the provisional end results of its cash tender offer for all publicly held shares of Sunrise Communications Group AG. As of the end of the additional acceptance period, 43,670,149 shares, representing 96.48% of Sunrise's fully diluted share capital, have been tendered. The tender offer's completion is subject to regulatory approvals, after which Liberty Global plans to delist Sunrise shares and initiate a squeeze-out process to make it a wholly-owned subsidiary. The expected settlement date is November 11, 2020.