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Liberty II Receives $350 Million Commitment
2013-11-07 10:45:00| OGI
Riverstone and Liberty II management previously partnered successfully in Liberty Resources LLC, an oil and gas company focused on the Bakken shale of North Dakota.
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Liberty Global adds 316,000 RGUs in Q3
2013-11-06 09:02:00| Telecompaper Headlines
(Telecompaper) Cable group Liberty Global added 316,000 revenue-generating units in the third quarter, taking its base to 47.8 million. This included gains of 214,000 broadband customers and 153,000 telephony customers, offset by the loss of 53,000 TV clients. The growth was better than the second quarter, thanks to an improved performance in central and eastern Europe, Belgium and the UK, the company said. Virgin Media in the UK was still losing RGUs, but UPC Netherlands returned to positive additions, thanks to new offers launched in September. Revenues for the third quarter rose 74 percent from a year earlier to USD 4.4 billion thanks to the Virgin takeover and were up 3 percent on an organic basis excluding forex effects. Operating cash flow rose 63 percent, or 3 percent on an organic basis, to USD 2.0 billion. Operating profit was up 3 percent to USD 522 million, while the net loss widened to USD 830 million or USD 2.09 per share due to losses on derivatives and higher tax and interest expense. The company's capital expenditure rose to USD 957 million or 22 percent of revenue in the quarter. Liberty finished the quarter with debt of USD 44.0 billion, cash of USD 2.2 billion and borrowing capacity of USD 3.3 billion. The sale of Chellomedia, expected to close in Q1 2014, will add another USD 1.0 billion cash to this. After spending USD 1.0 billion year-to-date on share repurchases, Liberty said it was on track to buy back USD 3.5 billion in stock by 2015.
Liberty Global Q3 loss widens on derivative losses, higher expenses
2013-11-06 01:00:00| Total Telecom industry news
Revenue rises on Virgin Media acquisition.
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PRESS RELEASE: Kalmon Dolgin Affiliates and Newmark Grubb Knight Frank Tapped as Co-Exclusive Brokers for the One Million Square-Foot Liberty View Complex in Brooklyn
2013-11-05 16:29:00| National Real Estate Investor
Lindsay Church Kalmon Dolgin Affiliates, Inc. (KDA) and Newmark Grubb Knight Frank (NGKF) have been tapped by Salmar Properties as co-exclusive brokers for Liberty View Industrial Plaza, an eight-story, one million-square-foot property at 850 3rd Avenue in the Sunset Park neighborhood of Brooklyn, NY. Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, made the announcement. read more
Liberty Energy Pays Off Debt, Moves To New HQ
2013-11-01 18:20:00| OGI
The company received additional capital from its private placement agreement with Houston-based, public equity fund, Petro Fund I Inc. executed earlier this year.
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