New Street Research - Liberty Global Plc Class A (LBTYA) ... LIBERTY GLOBAL: Stake in Vodafone announced - our take

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New Street Research

James Ratzer

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LIBERTY GLOBAL: Stake in Vodafone announced - our take

Following Etisalat and Xavier Niel, Liberty Global has announced that it is the latest corporate interested in Vodafone, deciding to take a 4.92% stake. In this short note, we review our thoughts and the implications from this.

13/02/2023 1 EN

Underlyings

Liberty Global Plc Class A

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GB00B8W67662 NASDAQ Stock Market United States

Vodafone Group

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James Ratzer

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LIBERTY GLOBAL: Stake in Vodafone announced - our take

Liberty Global (Neutral, $14, +14%) Post-Sunrise spin review: New target of $14

Vodafone (Buy, 140p, +100%) Post call thoughts: What is needed to hit EBITDA guidance

Vodafone (Buy, 140p, +100%) H1 25 - Questions still lingering in Germany

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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