Liberty Global (Neutral, $23, +8%) Record low service revenue trends a headwind to value creation
This is meant to be the quarter when the upcoming Sunrise spin should be attracting most attention and helping to crystallise value.However, we can't help but be distracted by a sharp deterioration in underlying service revenue trends as the impact of lapping lower inflation price rises and a sustained KPI loss is starting to catch up with Liberty Global.
Sunrise Communications Group AG is a Switzerland-based company that provides telecommunication services. The Company provides services in the area of mobile communications, fixed network, Internet and digital television (TV). Sunrise Communications AG also provides Prepaid Cards, Contract Extension, Help and Support services. It offers mobile phones, tablets, modems and Apple-products, as well as accessories such as chargers or phone headphones. Sunrise Communications AG provides its services to its various clients in the private and public sectors across the Swiss market. The Company's brands include Sunrise, Business Sunrise, Gif Me More, yallo, ortel Mobile and Lebara.
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