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LIBERTY GLOBAL PLC

(LBTYA)
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Liberty Global : Falcon V Systems announces new strategic partnerships to evolve fibre infrastructureFalcon V Systems – a Polish joint venture between Liberty Global and Vector Group to develop next generation network...

12/02/2021 | 09:01am EST

Falcon V Systems - a Polish joint venture between Liberty Global and Vector Group to develop next generation network technologies - has closed a strategic series funding round, with a new investment from Charter Communications and continued investment by Liberty Global.

The financing will help the company deploy enhanced networks with superior bandwidth, lower latency and better compute capabilities, driving the path to 10G technology and technology convergence more quickly and cost efficiently.

(Distributed Access Architecture (DAA) is an approach that decentralizes and virtualises headend and network functions.)

"Our strategic goal is to develop an open DAA ecosystem supporting the transformation to next-generation access networks for the global cable industry, including fibre-powered technologies." said Bartosz Kajut, CEO, Falcon V Systems.

John Gowen, Managing Partner Liberty Global Ventures, said: "This is a great example of Liberty Global incubating a business from start-up to help evolve cable and fibre infrastructure."

Enrique Rodriguez, EVP and Chief Technology Officer, Liberty Global adds: "Falcon V Systems was founded as a joint venture with Liberty Global to reinvent cable infrastructure by leveraging software development and process automation. We're excited to see Charter join this partnership, further validating our mission and view that an open, cloud-native infrastructure is critical for future networks.

"By building an open DAA ecosystem together with Falcon V Systems, we are steering a path towards access technology convergence, and ultimately the technologies important to our customers."

Read the full press release here.

Disclaimer

Liberty Global plc published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 14:00:06 UTC.


© Publicnow 2021
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Sales 2021 10 537 M - -
Net income 2021 12 485 M - -
Net Debt 2021 12 164 M - -
P/E ratio 2021 1,15x
Yield 2021 -
Capitalization 14 156 M 14 156 M -
EV / Sales 2021 2,50x
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Nbr of Employees 23 000
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Michael Thomas Fries President, Chief Executive Officer & Director
Charles Henry Rowland Bracken Co-Chief Financial Officer
John Carl Malone Director
Enrique Rodríguez Chief Technology Officer & Executive VP
Paul Alan Gould Independent Director
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