Liberty Global

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Liberty Global plc
Type Public limited company
Traded as NASDAQ: LBTYA
NASDAQ: LBTYB
NASDAQ: LBTYK
NASDAQ-100 Component
Industry Telecommunications
Media
Founded Douglas County, Colorado, United States (2005)
Headquarters London, England, UK
Key people John C. Malone (Chairman)
Michael Fries (President and CEO)
Products Broadband internet, cable television, telephony, mobile, direct-broadcast satellite
Revenue Increase $ 10.3 billion (2012)[1]
Employees 36,000 (September 30, 2013)[2]
Website www.libertyglobal.com

Liberty Global plc is an international telecommunications and television company. It was formed in 2005 by the merger of the international arm of Liberty Media and UGC (UnitedGlobalCom), and is one of the largest broadband providers outside of the United States.

As of September 30, 2013, it had an annual revenue of $17.6 billion, 35,000 employees in 14 countries, including 12 in Europe. Its cable services pass 47.1 million homes, with 24.4 million customers or 47.8 million RGUs (video, internet, and voice subscribers)[3]

Liberty Global is headquartered in London, with offices in Amsterdam and in Douglas County, Colorado.

History

On June 7, 2013, Liberty Global completed the acquisition of British cable group Virgin Media for $24 billion. In January 2013, Liberty Global raised its stake in Mechelen, Belgium-based Telenet from 50.2% to 58%. Liberty agreed on October 28 to sell Chellomedia for $1.035 billion except for its Benelux unit to AMC Networks.[4]

On January 27, 2014, Liberty Global announced it would be acquiring Dutch cable company Ziggo for €10 billion. The deal is expected to close by the second quarter of 2014, when it is expected to merge with UPC Netherlands.[5]

Markets

Europe

Liberty Global serves 12 countries in Europe, and is the largest cable operator in United Kingdom, Poland, Switzerland, Belgium, Ireland, Austria, Slovakia, Hungary and Czech Republic. On February 5, 2013 it was announced that Liberty Global was to buy Virgin Media, which would make it the largest broadband company in the world.[6]

  • Telenet (Belgium) (58% ownership)
    • Television
    • Sites
      • Zita (Portal)
      • GarageTV
      • vandaag.be (news site)
    • T.Vgas (joint-venture with vgas - 100% ownership)
      • GUNK Magazine
      • Online Games Network
        • 9lives
        • Roekie
        • Gunk.be
        • Insertcoins
    • Yelo
    • Triiing
    • Hostbasket
    • Telenet Solutions
  • Ziggo (Netherlands) (28.5% ownership)
  • UPC DTH
    • UPC Direct (Hungary)
    • freeSAT (Czech Republic and Slovakia)
    • Focus Sat (Romania)

America

Liberty Global's operations in the Americas consists of Liberty Puerto Rico, a provider of pay TV, internet, and telephone services in Puerto Rico and VTR, a Chilean cable provider of television, telephone, mobile and internet services.

Australia

Liberty Global owned 20% of Showtime movie channels until October 2012 when the channels were taken over by Foxtel.

References

  1. "Liberty Global Reports Fiscal 2012 Results". Liberty Global. 2013-02-13. Retrieved 2013-08-08. 
  2. U.S. Securities and Exchange Commission (2010). "Form 10-K". Washington, D.C.: United States of America. Retrieved 2011-05-24. 
  3. "About Us". Liberty Global. Retrieved 2013-02-05. 
  4. Tartaglione, Nancy. (October 28, 2013) AMC Networks To Pay $1B For Liberty Global’s Chellomedia. Deadline.com. Accessed on October 28, 2013.
  5. Briel, Robert (2014-01-27). "Liberty Global to acquire Ziggo for €10bn". Broadband TV News. Retrieved 2014-01-27. 
  6. "Liberty Global to buy Virgin Media for $23.3bn". BBC News. February 6, 2013. Retrieved February 6, 2013. 

External links

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