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LBTYK-News
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Liberty Global Hires Goldman Sachs for Wyre Stake Sale
Liberty Global (LBTYA) has hired Goldman Sachs (GS) to help arrange a stake sale in Belgian network company Wyre, people familiar with the matter told Bloomberg's Vinicy Chan. The 50% stake in Wyre could be worth about EUR 1B in a deal and could attract infrastructure funds and private equity firms, the sources said.
Liberty Global Names John Malone as Chairman Emeritus
Liberty Global announced that John Malone, Chairman of Liberty Global's board of directors, will step down from the Board effective January 1, 2026 and transition to Chairman Emeritus. In this capacity, Dr. Malone will continue to provide active counsel and strategic insight to Liberty Global and may attend board meetings, but will not have a formal vote on Board matters. Mike Fries, Liberty Global's CEO and Vice Chairman, will succeed Dr. Malone as Chairman of the Board. Following Dr. Malone's resignation, the Board will be composed of ten directors, nine of whom will be independent.
Liberty Global Enhances Network Efficiency with Vecima Solutions
Vecima Networks (VNWTF) announced that Liberty Global (LBTYA) is advancing its network strategy by working with Vecima's Entra Access Test Platform. Tthe platform delivers powerful, production-scale testing capabilities that align with Liberty Global's evolving objectives and unlock further opportunities for technology adoption across its ecosystem.
Liberty Global reports Q4 adjusted EBITDA up 3.4% y/y
Reports Q4 revenue $1.123B, consensus $1.6B. CEO Mike Fries stated, "In 2024 we successfully managed through what continues to be a challenging competitive environment, including difficult prior year comparisons in Q4, to achieve all full-year guidance metrics across our Liberty Telecom businesses, with the exception of the stable revenue result at VodafoneZiggo. Fixed ARPU grew across all of our core Liberty Telecom assets during both the quarter and the full year, and in Belgium and the U.K. we delivered growth in broadband net adds for Q4. We're well-positioned to defend and grow market share, with our main brands underpinning value in premium segments and our flanker brands driving growth in low-cost segments, all underpinned by customer centricity, digital and AI initiatives, and our next-generation networks."
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