Liberty Global Ltd. Class B Common Shares - LBTYB STOCK NEWS

Liberty Global and Telefonica plan to appoint Lutz Schüler as CEO and Patricia Cobian as CFO of their new joint venture combining Virgin Media and O2, pending UK Competition and Markets Authority approval. Schüler, with experience as CEO of Virgin Media since 2019, aims to drive growth in fixed and mobile sectors, while Cobian has served as CFO of O2 since 2016. The venture is expected to yield over £6 billion in synergies and create a communications provider with £11 billion in revenue, enhancing service for 46 million customers.

Liberty Global and Telefonica announced the appointment of Lutz Schüler as CEO and Patricia Cobian as CFO for their upcoming 50-50 joint venture merging Virgin Media and O2, pending CMA approval. Schüler, with a strong telecom background, aims to enhance services for over 46 million customers, leveraging synergies worth over £6 billion and projected revenues of £11 billion. Mark Evans, current CEO of O2, will stay until the merger concludes. This strategic move seeks to create a leading connectivity provider in the UK, uniting strong broadband and mobile capabilities.

Liberty Global (NASDAQ: LBTYA, LBTYB, LBTYK) has joined the European Green Digital Coalition, emphasizing its dedication to sustainability. This coalition, initiated by the EU, aims to leverage digital technologies for climate action and achieving UN Sustainable Development Goals. By signing the European Green Digital Declaration, Liberty Global commits to reducing greenhouse gas emissions by 2030 and achieving climate neutrality by 2040. They have also received recent accolades including a spot in the S&P Sustainability Yearbook and leadership status from CDP Global for climate initiatives.

The Future of Work is Here report by Deloitte highlights the profound changes in workplace dynamics accelerated by the Covid-19 pandemic.

Commissioned by Liberty Global, the report draws insights from 26 European leaders on leadership, career development, and the need for investment to bridge the digital divide.

Frans Dagelet from Deloitte emphasizes the urgency to adapt to evolving work environments, while Manuel Kohnstamm of Liberty Global notes the societal adjustments necessary in this rapidly changing landscape.

For detailed insights, the full report is available here.

Liberty Global will present at the Deutsche Bank 29th Annual Media & Telecom Virtual Conference on March 8, 2021, at 11:00 a.m. EST. The event will discuss the Company's historical operating performance and future outlook, with a live webcast available at www.libertyglobal.com. This presentation will be archived for about 30 days. Liberty Global operates in seven European countries and provides 49 million broadband, video, and telephony services under brands like Virgin Media and Telenet. The company invests significantly in infrastructure and digital platforms.

Liberty Global reported its 2020 financial results, highlighting a 3.8% increase in revenue to $11,980.1 million. However, rebased revenue declined 1.5%, primarily due to COVID-19 impacts. The loss from continuing operations was $1,466.7 million, marking a 4.1% increase year-over-year. The company saw significant organic customer additions of 81,200 and increased its Adjusted Free Cash Flow by 38.9% to $1,069.8 million. Looking forward to 2021, Liberty anticipates modest revenue increases and a 25% rise in Adjusted Free Cash Flow to $1.35 billion.

Liberty Global plans to release its full-year 2020 results on February 15, 2021, followed by an Investor Call on February 16, 2021, at 09:00 a.m. (ET). The management will discuss the financial results and may share forward-looking insights. Participants are advised to connect at least 15 minutes early using the provided dial-in information. The company, operating under brands like Virgin Media and VodafoneZiggo, serves 50 million customers across Europe.

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.