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Liberty Global revenues rise 1.2% in Q4, again weighed by Belgium, Switzerland
2019-02-28 09:25:00| Telecompaper Headlines
(Telecompaper) Liberty Global noted that it has put its operations in Germany, Hungary, Romania and the Czech Republic, along with its DTH operations and its former operations in Austria, plus the LiLAC Group, into discontinued operations. The company said that together, all the disposals represent a total enterprise value of USD 31 billion and net cash proceeds to the company, when completed, of USD 16 billion. The company will continue to be the largest cable operator in the UK, Ireland, Belgium, Poland and Slovakia, and also generate RGUs and revenue from its VodafoneZiggo joint venture in the Netherlands. The sale of Vodafone is still on track, with completion seen happening in mid-year. The company also started a broad reorganisation plan in January aimed at streamlining its operating structure.
Tags: global
rise
switzerland
belgium
Category:Telecommunications