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

Switzerland's Sunrise, French-owned Salt link up in $3 billion broadband JV

05/19/2020 | 03:18am EST
FILE PHOTO: Internet LAN cables are pictured in this photo illustration taken in Sydney

By John Miller

Swiss telecoms operator Sunrise Communications Group and Iliad Salt unit on Tuesday pledged to invest up to 3 billion Swiss francs ($3.09 billion) in a broadband partnership aimed at reaching 1.5 million homes by 2027.

Sunrise, blocked by shareholders last year from buying Liberty Global's Swiss UPC unit, is again pursuing a outside help, this time through a joint venture, as it seeks to compete with state-owned Swisscom, Switzerland's largest telecommunications provider.

Chief Executive Andre Krause, the former CFO who survived the UPC deal's failure to become Sunrise's top manager, said this new project, called Swiss Open Fiber, would be a joint venture co-owned equally by Salt and Sunrise, as well as a prospective equity partner.

Swiss Open Fiber will work with Swiss Fibre Net, an existing joint venture of local energy providers in Switzerland, which is due to support the new partnership's set-up and operating activities, Sunrise said.

"While Salt and Sunrise will act as anchor tenants, the infrastructure network will be offered to all retail operators to enable them to provide their customers with ultrafast broadband connectivity services," Sunrise said in a statement, adding that talks had begun with potential equity partners and financing banks.

The joint venture will be headed by Marc Furrer, the former head of Switzerland's federal telecommunications regulator until 2016. Sunrise said similar ventures being put in place in European countries including Germany, France and Italy serve as models for this project.

($1 = 0.9717 Swiss francs)

(Reporting by John Miller; editing by Thomas Seythal and Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 10.60% 24.76 Delayed Quote.45.28%
DEERE & COMPANY 0.79% 303.24 Delayed Quote.9.64%
ILIAD S.A. -0.63% 156.65 Real-time Quote.-6.22%
LIBERTY GLOBAL PLC -0.16% 24.91 Delayed Quote.3.01%
SUNRISE COMMUNICATIONS GROUP AG 0.00% 110.2 Delayed Quote.0.00%
SWISS RE LTD -0.63% 82.66 Delayed Quote.-0.19%
SWISSCOM AG -0.80% 470.1 Delayed Quote.-0.67%
All news about LIBERTY GLOBAL PLC
01/19LIBERTY 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 11 743 M - -
Net income 2020 -265 M - -
Net Debt 2020 22 639 M - -
P/E ratio 2020 -38,0x
Yield 2020 -
Capitalization 14 412 M 14 412 M -
EV / Sales 2020 3,16x
EV / Sales 2021 2,73x
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 24,95 $
Spread / Highest target 100%
Spread / Average Target 33,2%
Spread / Lowest Target -11,8%
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