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Last week in telecoms: earnings season kicked off, Liberty Global steps in to save Sunrise deal, BT starts brand campaign

2019-10-21 07:00:00| Telecompaper Headlines

(Telecompaper) The Telecompaper European Telecom Services index ended week 42 up 1.2 percent, ahead of the EuroStoxx 50 index (+0.3%). Tele Columbus gained 14 percent in an apparent recovery. Earnings season was kicked off and a number of M&A deals moved forward. Private company Eir, controlled by Iliad's founder, launched an aggressive promotion on the Irish mobile market and BT kicked off a large brand campaign.

Tags: save week global brand

 

Liberty Global to take part in capital increase to finance Sunrise takeover of UPC Switzerland

2019-10-14 09:31:00| Telecompaper Headlines

(Telecompaper) Swiss operator Sunrise announced that Liberty Global will invest up to CHF 500 million in a combination of tradable rights and subsequent subscription of newly issued shares in the capital increase to finance the acquisition of UPC Switzerland. This was a demand of some Sunrise shareholders, who found the price of the takeover too high, and called for Liberty Global to share in the risk of merging the two operators. 

Tags: part increase global finance

 
 

AT&T sells Puerto Rico, USVI assets to Liberty Latin America for USD 1.95 bln

2019-10-09 16:46:00| Telecompaper Headlines

(Telecompaper) AT&T has agreed to sell its operations in Puerto Rico and the US Virgin Islands to Liberty Latin America for USD 1.95 billion in cash, confirming earlier reports. In a statement, the US operator said it expects the deal to close within 6 to 9 months following review by the FCC and the Department of Justice. It added that the sale includes network assets, leases and real estate, 1.1 million mobile subscribers and contracts. A total of 1,300 current AT&T employees will move over to Liberty Latin America at the close of the deal.

Tags: america usd att rico

 

Liberty LA to acquire AT&T's operations in Puerto Rico & the U.S. Virgin Islands

2019-10-09 15:30:35| Digital TV News

Liberty Latin America (NASDAQ:LILA and LILAK, OTC Link:LILAB) has announced that it has entered into a definitive agreement to acquire AT&T's wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands in an all-cash transaction.

Tags: us operations rico puerto

 

Liberty Latin America selects TiVo for roll out in Puerto Rico

2019-09-13 09:30:58| Digital TV News

TiVo (NASDAQ: TIVO) has announced that Liberty Latin America has selected TiVos Next-Gen Platform for its video customers in Puerto Rico. Liberty Latin America also plans to launch the platform in other markets across Latin America.

Tags: america roll rico puerto

 

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