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Liberty Global posts Q3 net profit on revenues up 5%
2014-11-06 08:27:00| Telecompaper Headlines
(Telecompaper) Liberty Global reported third-quarter revenues up 5 percent year-on-year to USD 4.5 billion. Organic growth, excluding forex effects and a number of small acquisitions, was 3 percent, led by growth in Belgium and Germany. The cable group added 344,000 revenue-generating units in the three months on an organic basis, for a total 49.2 million at the end of September. The addition of 239,000 broadband customers and 151,000 telephony subscribers helped offset the loss of 46,000 TV customers. At the end of Q3, the group had 10.4 million triple-play customers, which exceeded the single-play customer base (10.1 million) for the first time. Quarterly operating cash flow rose 6 percent to USD 2.1 billion, and the net result turned to a profit of USD 157 million versus a loss of USD 830 million a year ago. Capital expenditure was down slightly to USD 908 million or 20 percent of revenue. Liberty also announced that it has completed the acquisition of Dutch cable operator Ziggo and will start integration of the company immediately. Helped by Ziggo's liquidity, the company also plans to resume its share repurchase programme and buy back USD 2.6 billion in shares over the next 14 months.
Liberty Global completes Ziggo tender offer
2014-11-06 01:00:00| Total Telecom industry news
Baptiest Coopmans to start work as CEO of Dutch cableco from next week.
Tags: offer
global
liberty
tender
Liberty Media finishes Liberty Broadband spinoff
2014-11-05 19:45:06| Telecom - Topix.net
The spinoff includes Liberty Media's interest in the cable TV provider Charter Communications, its subsidiary TruePosition and its interest in another cable company, Time Warner Cable. The portfolio of Englewood, Colorado-based Liberty Media, which is controlled by billionaire John Malone, includes Sirius XM, an interest in Live Nation Entertainment and minority investments in Time Warner Inc. and Viacom.
Tags: media
broadband
liberty
finishes
Liberty Global creates tracking stock for LatAm, Caribbean
2014-10-23 09:16:00| Telecompaper Headlines
(Telecompaper) Cable group Liberty Global has decided to establish a tracking stock for its operations in Latin America and the Caribbean (the LiLAC Group) in order to highlight the value of its operations in the region and create attractive "pure-play" equities for investors. Liberty CEO Mike Fries said the structure will also give the advantages of doing business as a single company, leveraging group synergies and economies of scale. The LiLAC Group will initially have attributed to it Liberty Global's 100 percent stake in VTR GlobalCom and VTR Wireless, as well as its 60 percent stake in Liberty Cablevision of Puerto Rico. Record Liberty Global stockholders will receive one LiLAC Group share for every 20 shares held. Liberty Global expects that the LiLAC tracking shares will trade under the symbols "LILA," "LILAB" and "LILAK" on the NASDAQ Global Select Market. All of Liberty Global's businesses not attributed to the LiLAC Group will be attributed to the Liberty Global Group, whose shares will continue to trade under its current "LBTYA," "LBTYB" and "LBTYK" symbols on on the NASDAQ Global Select Market. The entire process is expected to take five months, pending regulatory approval, including that of the Securities and Exchange Commission (SEC) and shareholder approval There will be no change in the business management of the different operations.
Tags: stock
global
tracking
creates
One Liberty Properties: A Pullback Creates An Ideal Buying Opportunity In This 7.1% Yielding REIT
2014-10-11 12:19:04| Air Courier - Topix.net
Since most of this REIT's leases are "net," rising expenses are passed onto the tenants, which reduces risks and makes this an ideal long-term holding. One Liberty Properties, Inc. is a real estate investment trust or "REIT" that primarily invests in wide variety of commercial properties including retail, industrial, and office complexes.
Tags: this
opportunity
properties
ideal
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