Eric Tveter, former Central Europe CEO of Liberty Global, has become a major investor and the first chairman of London-based start-up Veloce Esports.
Sky is in talks over a potential investment that could see it join Liberty Global in the build of a new fibre network to compete with BT.
Liberty Global remains committed to selling its Swiss cable subsidiary UPC to local telco Sunrise under the agreed terms.
Swiss cable operator UPC is currently preparing the introduction of 1Gbps internet access which it wants to make available on its entire network later this year.
German media company Freenet, a major shareholder in Sunrise, will vote against the Swiss telco’s proposed takeover of cable operator UPC Switzerland, arguing that the price was too high and the conditions unfavourable.
Weakness in Virgin Media is hurting Liberty Global, which lost 29,000 RGUs in the second quarter, as compared to a gain of 41,000 RGUs in the prior-year period. This was despite improved performances in the remaining CEE operations, as well as Switzerland and Telenet.
Liberty Global has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone.
The European Commission has approved the acquisition of Liberty Global’s cable business in Germany, the Czech Republic, Hungary and Romania by Vodafone.
Volker Libovsky has joined Austrian telco Magenta Telekom as a new member of the management board.
Eric Tveter steps down, and Robert Redeleanu is appointed CEO, Eastern Europe from July 1.