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Tag: ziggo
Liberty Global buys 12.65% stake in Ziggo
2013-03-28 09:05:00| Telecompaper Headlines
(Telecompaper) Liberty Global has acquired a 12.65 percent stake in Ziggo, the Netherlands' largest cable operator. Liberty, which already owns the second-largest cable operator UPC Netherlands, bought 25.3 million shares in Ziggo from Barclays for EUR 25 each. Barclays was left with the shares after Ziggo's shareholders Warburg Pincus and Cinven recently sold down their stake in the company in a secondary offering. Liberty said it considered the acquisition a strategic investment as well as a financial gain, given Ziggo's expected 7.4 percent dividend yield this year. Liberty Global is funding the acquisition of Ziggo shares with a non-recourse margin loan and existing liquidity. As it does not result in Liberty Global obtaining a controlling interest in Ziggo, no regulatory approvals are required. Ziggo's board issued a statement noting the acquisition and said it will "continue to focus on executing Ziggo's strategy in the best interests of its stakeholders".
Tags: global
liberty
buys
stake
Ziggo gets new EUR 800 mln facility, wants more
2013-03-18 09:26:00| Telecompaper Headlines
(Telecompaper) Ziggo has received commitments for a new EUR 800 million senior secured credit facility and that it has mandated Goldman Sachs and JP Morgan to set up a series of investor meetings in view of a potential additional refinancing, which may include a capital markets transaction. The new facility will consist of a EUR 400 million revolving credit facility and a EUR 400 million loan. Both will have a five-year maturity. Ziggo will use proceeds to partially refinance its existing senior secured credit facility. The cable provider said that there has been no material change in its trading or financial position since end December. Trends for RGUs are currently in line with RGU trends during Q4 2012, when it experienced increased churn as a result of a market developing towards triple-play, as well as increased competition from other operators. Ziggo plans to launch some new campaigns in Q2, focusing on customer loyalty and churn reduction. It reiterated its guidance for 2013, with EBITDA expected to rise 2.5-3.5 percent and revenue a bit more, and anticipates an increase in revenue momentum over the course of 2013 as marketing initiatives take effect. Capex for 2013 is expected at EUR 320-330 million.
Deutsche Telekom CEO to become CEO of Ziggo
2013-03-07 08:46:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom CEO Rene Obermann will become the CEO of Dutch cable operator Ziggo from 1 January 2014. Obermann will succeed Bernard Dijkhuizen, who will retire. Ziggo said that Obermann's "leadership capacities and broad global experience will help propel Ziggo's long-term growth and service innovation forward." Obermann said he wanted to get closer to the world of media and entertainment. The appointment will be proposed at Ziggo's upcoming AGM on 18 April. Obermann became the CEO of T-Mobile Germany in 2000 and of Deutsche Telekom in 2006. He announced last December that he would step down at Deutsche Telekom at the end of 2013.
Tags: deutsche
ceo
telekom
deutsche telekom
Ziggo loses 27,000 digital pay TV subscribers in 4Q 2012
2013-01-24 19:00:46| Digital TV News
Ziggo N.V. has released full-year and Q4 2012 results. Digital Pay TV revenue increased through an ARPU increase and a strong uptake of VOD, partly offset by a 27,000 decline in subscribers.
Tags: digital
pay
subscribers
loses