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Tag: liberty
Liberty Global rules out bid for ITV
2015-03-23 08:35:00| Telecompaper Headlines
(Telecompaper) Cable group Liberty Global ruled out a bid to acquire UK broadcaster ITV. Liberty is ITV's second-largest shareholder with a 6.45 percent stake. However CFO Charlie Bracken told the Financial Times that ITV "looks awfully pricey". He added that the company does not plan to invest "billions of dollars in content that's not our game". A former Goldman Sachs banker, Bracken also said that Sky, Liberty's pay-TV rival, "is in trouble" over the next 5-10 years, due to its reliance on satellite technology. Europe's telecoms market will be dominated by "three or four players" within two decades, he predicted Deutsche Telekom, Vodafone, Liberty Global and possibly France's Altice. Bracken suggested that BT would be acquired, while Sky would focus on programming. Sky would face tough competition from Amazon and Netflix, who were ready "to bid hard with low margins". Liberty is focused on two strategic questions, according to the CFO. First, "how important is convergence going to be", and second, "what are the economics of content"? Bracken said acquiring a UK mobile operator would not make sense for Liberty, as its Virgin Media cable network does not cover the whole country. It could be practical in the Netherlands and Belgium, where Liberty has a "national footprint".
Tags: global
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liberty
Millicom names longtime Liberty Global exec as new CEO
2015-03-05 01:00:00| Total Telecom industry news
Emerging market telco announces the appointment of Mauricio Ramos as its new leader.
Tags: global
names
ceo
liberty
Millicom appoints Liberty Global's Ramos as CEO
2015-03-03 09:19:00| Telecompaper Headlines
(Telecompaper) Millicom announced that its board has decided unanimously to appoint Mauricio Ramos as its new CEO with effect from 1 April. Ramos was most recently president of Liberty Global's Latin American Division, a position he held from 2006 until February. Millicom's former CEO Hans-Holger Albrecht stepped down at the end of last year to join Deezer.
Tags: ceo
liberty
ramos
appoints
GameTree TV games for Liberty Global Horizon STBs
2015-02-24 15:10:36| Digital TV News
TransGaming (TSX VENTURE:TNG) has announced a partnership to bring its GameTree TV on-demand TV games to Liberty Global's Horizon cable set-top boxes. GameTree TV will now be available throughout most of Europe.
Tags: games
global
horizon
liberty
Liberty Global revenue growth slows to 3% in Q4
2015-02-13 08:44:00| Telecompaper Headlines
(Telecompaper) Liberty Global reported fourth-quarter revenues up 3 percent year-on-year to USD 4.6 billion, as its takeover of Dutch operator Ziggo in November helped offset negative currency effects. The cable company also added 315,000 revenue-generating units on an organic basis in the quarter, for a total 55.9 million at year-end. The growth came mainly from broadband services, with 240,000 subscribers added in the three months and 905,000 in the past year, for a total 17.3 million. Liberty lost 35,000 TV subscribers in Q4 and 223,000 in the full year, slowing the rate of decline to finish the year with a total 24.3 million. Its connected set-top box Horizon counted 914,000 subscribers, and 68 percent of video customers were using digital TV. At the end of 2014, the company provided an average 2.04 services to each customer, and 60 percent of subscribers took more than one service. It also had 4.5 million mobile subscribers, up 11 percent year-on-year, and Liberty said it plans to launch more mobile services in 2015. Liberty Global reported 4 percent in operating cash flow to USD 2.1 billion in the quarter. Organic growth was also 4 percent, led by the UK and Germany. Liberty said it expects to achieve mid single-digit growth in organic OCF in 2015, in line with the 5.5 percent increase last year.
Tags: global
growth
revenue
liberty
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