The European Commission (EC) has concerns about Vodafone’s proposed acquisition of Liberty Global’s subsidiaries in Germany, the Czech Republic, Hungary and Romania and has therefore opened an in-depth investigation.
Ireland will do well regardless of the outcome of Brexit, according to Liberty Global CEO Mike Fries.
Lutz Schüler, currently CEO of German cable operator Unitymedia, will become Chief Operating Officer of UK cable company Virgin Media from September 10, 2018.
Liberty Global has agreed to sell its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone for €19 billion ($22.7 billion) on a US GAAP basis, compared to €18.4 billion ($22 billion) on an EU-IFRS basis.
Liberty Global is in talks with Sunrise Communications Group about a potential partnership to combine and expand their businesses in Switzerland, reports Bloomberg with reference to people having knowledge of the matter.
Liberty Global considers strengthening its Swiss cable subsidiary UPC through acquisitions.
Liberty Global is exploring the sale of its cable subsidiaries in Switzerland and Austria.
Cable operators face many challenges, but Liberty Global’s Mike Fries names Amazon as the biggest threat to the industry.
Liberty Global CEO Mike Fries will join Charter Chairman and CEO Tom Rutledge for the US Society of Cable Telecommunications Engineers’ (SCTE) and sister organisation International Society of Broadband Experts (ISBE) Cable-Tec Expo event in Denver on October 18.
Liberty Global Europe Holding B.V. and Vodafone International Holdings B.V. have completed the transaction to combine their Dutch operations to form a 50:50 joint venture, to be called VodafoneZiggo.