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Telefonica, Liberty Global discuss merger of UK assets O2, Virgin Media - report

2020-05-04 08:55:00| Telecompaper Headlines

(Telecompaper) Telefonica and Liberty Global are discussing a merger of their activities in the UK, bringing together mobile operator O2 UK and the cable operator Virgin Media, people familiar with the matter told Bloomberg. If they reach an agreement, a transaction could be announced in the coming week, the people said.

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Shale Service Providers Liberty, NCS Multistage Lay Off Workers

2020-04-03 22:30:00| OGI

Liberty Oilfield Services is cutting its workforce by 7%, while NCS Multistage plans to plans to reduce its workforce by 20%, the oilfield service companies said April 2.

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Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

2020-02-21 22:00:00| OGI

Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahomas Cushing hub.

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Liberty Global starts USD 1 bln share buyback plan amid lower Q4, with continued customer losses

2020-02-14 09:24:00| Telecompaper Headlines

(Telecompaper) Liberty Global said revenues for the fourth quarter slid 0.5 percent to USD 2.982 billion, pulled down by contractions in Switzerland, Belgium and UK/Ireland. Mobile revenue increased 5.2 percent to USD 429.9 million but was not able to offset cable revenue falling 0.9 percent to USD 1.902 billion. The operating cash flow (OCF) declined a bit over 4 percent to USD 1.273 billion with OFCF (OCF after tax) down 18.2 percent to USD 433.4 million. The operating profit meanwhile increased 11.2 percent to USD 282.5 million. For the full year, revenues dipped 0.6 percent lower to USD 11.541 billion, with OCF off 3.1 percent to USD 4.859 billion, OFCF up 34.5 percent to USD 1.979 billion and the operating profit going 11.2 percent lower to USD 745.5 million.

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Liberty extends Netflix partnership in Europe

2020-02-10 15:30:20| Digital TV News

Liberty Global has announced a deal with Netflix that will allow it to continue to offer access to the service in Europe. Liberty Global plans to leverage its broadband networks to provide the streaming content alongside broadcast and on-demand programming.

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