Liberty Global can see more expansion coming in Europe, but the company won’t pursue growth for growth’s sake, says chief Mike Fries.
Liberty Global will acquire Caribbean cable operator Cable & Wireless Communications in a cash and stock deal valued at $5.3 billion.
The amount of money Liberty Global spend on linear channel carriage will decline and shift to online rights, digital rights, On Demand rights, and SVOD rights.
Liberty Global is finding the Netherlands a tough and highly competitive market with incumbent telco KPN making life difficult for the new Ziggo.
“We have Netflix to thank,” said Liberty Global’s Mike Fries during Round One of the traditional ‘elephants round’ at this year’s ANGA COM.
Liberty Global CEO Michael Fries is confident European authorities will soon approve his company’s bid for Ziggo, but is not interested in a much-rumored deal with Vodafone, he told CNBC.
Liberty Global has gone on a buying spree, buying shares in ITV, All3Media and looking at F1 racing.
During this year’s gathering of cable marketeers, OTT providers such as Netflix cast a shadow – as everyone seems to be afraid of the threat of OTT.
CTAM Europe has unveiled the full EuroSummit’14 program me. The event will be held in Copenhagen on September 18 and 19.
“Conversations with private – and public – broadcasters in Germany are ongoing; we have good dialogue with RTL and with ProSieben,” said Liberty Global’s Mike Fries during last Friday’s investor call.