Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Liberty Global plc    LBTYA   GB00B8W67662

LIBERTY GLOBAL PLC

(LBTYA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

No Liberty Global, Telefonica concessions to EU antitrust regulators

11/13/2020 | 10:27am EST
FILE PHOTO: A worker makes final touches on the logo of Britain's O2 in preparation for the CeBIT computer fair

BRUSSELS (Reuters) - Liberty Global and Telefonica have not offered concessions to European Union antitrust regulators reviewing their plan to combine their British businesses, the European Commission website showed on Friday.

The U.S. cable operator and the Spanish telecoms provider want to merge Virgin Media and O2 in a $38 billion (28.8 billion pounds) deal to better compete with market leader BT.

Nov. 12 was the deadline for the two companies to offer concessions should the EU competition enforcer voice concerns. The Commission's website showed none had been submitted.

That could suggest either the deal is heading for unconditional clearance after the EU's preliminary review ends on Nov. 19, or the Commission could open a four-month long investigation after that date.

Unlike deals between mobile operators, those between a cable operator and a telecoms provider typically trigger few to no competition concerns from competition regulators.

A Commission spokeswoman referred to the EU executive's website when asked about concessions.

Liberty Global and Telefonica said in a joint statement that the deal should be swiftly approved.

"We have specifically addressed all of the issues raised in submissions we have made to the CMA, Ofcom and the EU. We have made a compelling case to allow a clearance of the transaction as soon possible," they said, referring to two UK watchdogs.

Britain's Competition and Markets Authority (CMA) last month asked to take over the review, citing the deal's impact in the UK and after Brexit. The Commission has yet to decide on its request but may be reluctant to hand it over in order to ensure a harmonised policy across the bloc.

(Reporting by Foo Yun Chee; Editing by Mark Potter)

By Foo Yun Chee


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC -0.34% 138.3197 Delayed Quote.4.88%
EURO / BRITISH POUND (EUR/GBP) 0.19% 0.89079 Delayed Quote.-0.48%
LIBERTY GLOBAL PLC -0.38% 24.66 Delayed Quote.2.27%
TELEFONICA S.A. 0.83% 3.768 Delayed Quote.15.10%
All news about LIBERTY GLOBAL PLC
05:28aLIBERTY GLOBAL : Helping fight climate changeA report by the respected economist..
PU
01/15LIBERTY GLOBAL VENTURES' INVESTMENT : SKLZ), the...
PU
01/13LIBERTY GLOBAL : Virgin Media offers vital connectivity to support the nation du..
PU
01/12LIBERTY GLOBAL : 's UK Operations Launch Plume Pods
BU
01/11Deutsche Telekom looking to sell Dutch unit -paper
RE
01/05LIBERTY GLOBAL : Agrees to Launch Cadent's Advertising Management Platform Acros..
MT
2020LIBERTY GLOBAL : Recognized for Sustainability Leadership
BU
2020LIBERTY GLOBAL : UPC Poland launches free Internet package for families in needU..
PU
2020SECTOR UPDATE : Consumer Stocks Eroded by Afternoon Selling
MT
2020Nasdaq to Swap Six Companies Including Peloton Interactive, Marvell Technolog..
MT
More news
Financials (USD)
Sales 2020 11 732 M - -
Net income 2020 -264 M - -
Net Debt 2020 23 332 M - -
P/E ratio 2020 -36,3x
Yield 2020 -
Capitalization 14 317 M 14 317 M -
EV / Sales 2020 3,21x
EV / Sales 2021 2,81x
Nbr of Employees 20 200
Free-Float 93,2%
Chart LIBERTY GLOBAL PLC
Duration : Period :
Liberty Global plc Technical Analysis Chart | LBTYA | GB00B8W67662 | MarketScreener
Technical analysis trends LIBERTY GLOBAL PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 33,24 $
Last Close Price 24,77 $
Spread / Highest target 101%
Spread / Average Target 34,2%
Spread / Lowest Target -11,2%
EPS Revisions
Managers and Directors
NameTitle
Michael Thomas Fries President, Chief Executive Officer & Director
John C. Malone Chairman
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
Enrique Rodríguez Chief Technology Officer & Executive VP
Paul Alan Gould Independent Director
Sector and Competitors