Liberty Global Ltd. - LBTYA STOCK NEWS

Liberty Global's UK business, Virgin Media, has launched the Intelligent WiFi Plus service, enhancing broadband speeds for millions of customers. This service integrates features from Virgin Media's Hub 3 and Hub 4 routers alongside Plume's Intelligent WiFi Pods. The upgrade focuses on providing a fast and reliable WiFi experience, essential during ongoing lockdowns. Liberty Global has invested in Plume since 2014, emphasizing their partnership. The rollout includes advanced smart home services such as AI-driven cybersecurity. Virgin Media also plans future smart home feature expansions and aims to extend its services across Europe.

On January 5, 2021, Cadent announced the expansion of its addressable advertising management platform in partnership with Liberty Global, targeting the Irish market with plans for broader European deployment. This partnership, initiated in 2019, leverages Cadent's platform for advanced targeting and attribution, aligning with GDPR compliance. As digital advertising evolves, this initiative aims to provide advertisers with a scalable, brand-safe alternative to traditional digital channels, enhancing viewer experiences and supporting content partners.

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.