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Liberty Global Says Q3 Operating Income Up 1.8% YoY To $208.8 Mln For Continuing Operations
Liberty Global Supports Cancellation Of Sunrise EGM
Sunrise Announces Commitment From Liberty Global In Upcoming Rights Issue
Liberty Global plc (Liberty Global) is an international telecommunications company providing communications and entertainment services. The Company operates as a television and broadband company. Its segments include Liberty Global Group and LiLAC Group. The Liberty Global Group includes its operations in the United Kingdom, Ireland, Belgium, Switzerland and Central and Eastern Europe. The Liberty Global Group also includes the Company's investment in VodafoneZiggo Group Holding B.V., which operates a cable network in the Netherlands, and in various content businesses. The LiLAC Group has broadband operations predominately in Latin America and the Caribbean serving residential and business customers. The LiLAC Group includes its operations in Chile and Puerto Rico and its Cable & Wireless Communications Limited operations primarily in the Caribbean and Latin America, including sub-sea and terrestrial fiber optic cable networks.
Broadcasting & Cable TV
161 Hammersmith Road
John C. Malone
Chairman of the Board
Michael Thomas Fries
Vice Chairman of the Board, President, Chief Executive Officer
Charles H. R. Bracken
Chief Financial Officer, Executive Vice President
Executive Vice President, Chief Technology Officer
Bryan H. Hall
Executive Vice President, General Counsel, Secretary
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Sunrise Communications <SRCG.S> said on Wednesday it faces a hit of up to 125 million Swiss francs (97.9 million pounds) from its failed bid to buy Liberty Global's <LBTYA.O> Swiss unit, as the U.S. cable company held out hopes a deal could be revived.
* EGM WAS TO BE HELD TO AUTHORISE AN ORDINARY CAPITAL INCREASE IN AMOUNT OF CHF 2.8 BILLION TO PARTIALLY FINANCE ACQUISITION OF UPC SWITZERLAND
* COMMITMENTS BY LIBERTY GLOBAL IN RECENTLY ANNOUNCED CONDITIONAL RIGHTS PURCHASE AGREEMENT WILL LAPSE AND THEREBY TERMINATE
Sunrise Communications <SCMN.S> has won support from one of its largest shareholders for its $2.8 billion capital hike - the latest twist in the telecom company's battle to buy Liberty Global's <LBTYA.O> Swiss business.
* ACTIVIST INVESTOR AXXION STILL OPPOSES SUNRISE DEAL FOR UPC CABLECOM DESPITE LIBERTY GLOBAL OFFER Source text for Eikon: Further company coverage: (Reporting by John Revill)
Liberty Global <LBTYA.O> has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications <SRCG.S> but a key Sunrise shareholder said it remained opposed to the deal.
Freenet <FNTGn.DE> still opposes Sunrise's <SRCG.S> 6.3 billion Swiss franc ($6.32 billion) deal to buy Liberty Global's <LBTYA.O> Swiss business, despite a new offer from the American seller to take part in the acquisition.
Freenet still opposes Sunrise's 6.3 billion Swiss franc ($6.32 billion) deal to buy Liberty Global's Swiss business, despite a new offer from the American seller to take part in the acquisition.
Liberty Global has offered to buy up to 500 million Swiss francs ($502.11 million) of newly created Sunrise Communications shares - a move designed to ease through its 6.3 billion franc sale of its Swiss business.
Proxy adviser ISS recommended shareholders vote against a rights issue that will allow Sunrise Communications <SRCG.S> to finance a 6.3 billion Swiss franc ($6.35 billion) purchase of cable operator UPC from Liberty Global <LBTYA.O>, in a report sent to clients on Thursday.
Proxy adviser ISS has recommended shareholders vote against a rights issue Sunrise Communications will propose to shareholders to finance its planned 6.3 billion Swiss franc ($6.35 billion) takeover of cable operator UPC from Liberty Global, sources told Reuters.
Sunrise <SRCG.S> investor AOC joined Germany's Freenet <FNTGn.DE> in fighting the Swiss telecoms group's 6.3 billion Swiss franc ($6.33 billion) takeover of Liberty Global <LBTYA.O> Swiss UPC assets, saying a proposal to reduce a rights issue was insufficient to change its...
Sunrise investor AOC joined Germany's Freenet in fighting the Swiss telecoms group's 6.3 billion Swiss franc ($6.33 billion) takeover of Liberty Global Swiss UPC assets, saying a proposal to reduce a rights issue was insufficient to change its mind.
Sunrise Communications is cutting its proposed rights issue to 2.8 billion Swiss francs ($2.83 billion) from 4.1 billion francs to pay for its acquisition of Liberty Global's Swiss unit UPC as it seeks to convince shareholders to back the deal.
Germany's Freenet <FNTGn.DE> does not intend to sell its shares in Sunrise Communications <SRCG.S> soon no matter what happens with the capital increase Sunrise plans to fund its 6.3 billion Swiss franc ($6.35 billion) purchase of Liberty Global's <LBTYA.O> Swiss UPC business...
The Swiss anti-trust authority has approved Sunrise Communications' 6.3 billion Swiss franc ($6.36 billion) takeover of Liberty Global's UPC business, setting up a showdown between the telecoms company and foes of the deal.
The Swiss anti-trust authority has approved Sunrise Communications's plan to buy Liberty Global's Swiss UPC business, the Swiss telecommunications company said on Thursday.
Activist investor Active Ownership Capital (AOC) has joined the ranks of shareholders that oppose Sunrise Communications' <SRCG.S> planned 6.3 billion Swiss franc (5.16 billion pounds) takeover of Liberty Global's <LBTYA.O> UPC Swiss cable operator.
Sunrise Communications <SRCG.S> faces calls for its chairman and another board member to be removed, it said on Tuesday, as the Swiss telecommunications company fights to save its planned $6.4 billion takeover of Liberty Global's <LBTYA.O> Swiss assets.
Sunrise Communications <SRCG.S> said on Tuesday it had received a new fairness opinion supporting the valuation of Liberty Global's <LBTYA.O> Swiss UPC business that Sunrise wants to acquire, as it seeks to secure shareholder support for the deal.
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