Liberty Global have released our Q2 2024 results:
CEO Mike Fries said: “Q2 has been another active quarter as we’ve continued to drive our strategic priorities; investing in growth and executing on our core FMC strategies to support value creation at the operating level, rotating capital and leveraging our $3 billion Ventures platform, and taking steps to deliver value directly to shareholders over time.”
Highlights for the quarter include:
• Sunrise spin-off on track for Q4 and Capital Markets Day to be held in Zurich on Sept 9.
• In the UK, announced a new, long-term mobile network sharing and spectrum acquisition agreement, our fibre reach is now over 5 million homes and rising and preparations for the formation of our fixed NetCo are progressing well.
• We’ve reached a fixed network sharing MOU with Proximus in Belgium, secured 5G spectrum in the Netherlands at an attractive price, and we are excited to welcome Stephen van Rooyen as CEO of VodafoneZiggo.
• We continue to rotate capital in our Ventures portfolio, independently valued at $3bn, following the ~$420 million in proceeds we received from the All3Media sale. We also announced our intention to take a controlling position in the world’s fastest growing motorsport, Formula E.
Read the full release: https://bit.ly/3ygQQJD