Liberty Global

Liberty Global submitted an offer to acquire a London-based franchise for the new NBA Europe league, filing the bid ahead of the deadline. The company is exploring a partnership with MSP Sports Capital or MSP founder Jahm Najafi for the potential franchise investment. » More on finance.yahoo.com

Liberty Global has mandated Goldman Sachs to arrange a possible sale of its 50% stake in Belgian network operator Wyre. The stake could be valued at around €1 billion (US$1.2 billion). Likely bidders would primarily be infrastructure funds and private equity firms. Talks are at an early stage and a sale is not certain. » More on de.investing.com

Liberty Global’s stock climbed to a 52-week high of $12.11, signaling rising investor confidence despite a lack of profitability over the past twelve months. The company’s financial position is rated overall as “GOOD,” but analysts do not expect profitability this year. Liberty Global is participating in the takeover of Substantial Group through the joint venture nexfibre to combine Netomnia into an anticipated network covering more than 3.4 million households. In addition, Liberty Global is buying Vodafone’s 50% stake in VodafoneZiggo for €1.0 billion plus 10% of the new Ziggo Group to consolidate its position in the Benelux region. » More on de.investing.com

Liberty Global shares rose 8.6% after the announcement to acquire Vodafone’s 50% stake in VodafoneZiggo for €1.0bn in cash plus a 10% stake in a new Ziggo Group. The transaction, expected to close in H2 2026, combines VodafoneZiggo and Telenet into a regional telecom powerhouse; an IPO of the Ziggo Group on Euronext Amsterdam is planned for 2027, with 90% of the shares to be spun out to Liberty shareholders. Liberty Global expects synergies and additional services with a combined net present value of €1bn and a pro forma adjusted free cash flow target of around €500m by 2028. Separately, Liberty Global, together with InfraVia and Telefónica, announced the acquisition of UK fibre company Substantial Group, which is expected to trigger £3.5bn of investment in the UK market. » More on de.investing.com

CEO Mike Fries outlined the strategic pillars (Liberty Telecom, Liberty Growth, Liberty Services & Corporate) at the Morgan Stanley conference and called the stock undervalued. The spin-off of Sunrise has significantly reduced debt; the company targets annual share buybacks of around 5% and is focusing on increasing free cash flow after completing 5G and fiber upgrades. Regional priorities are fiber expansion in Belgium, turnaround investments in the Netherlands and expected consolidation in the UK market; Liberty Growth also plans to monetize digital infrastructure. Management is further cutting ongoing costs and views Europe as an attractive CapEx environment despite competitive pressure, while seeing a need for regulatory support. » More on de.investing.com