Liberty Global - ESG Report - Lucror Analytics

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Tele Columbus, Liberty Global, THOM Europe, Allwyn (formerly Sazka), Wagamama

Liberty Global (Neutral, $11.6, +13%) Liberty Global to acquire Hutch...

The FT is reporting that CK Hutchison is in talks to sell its Irish business to Liberty Global. In this Quick Take we examine this in more detail.

Liberty Global (Neutral, $11.6, +9%) Looking ahead to Q4 results

We recently caught up with Liberty Global ahead of their upcoming Q4 results on February 18th. In this short note, we run through our key thoughts.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Liberty Global, Fedrigoni, Oriflame, Synthomer, AMS Osram, Tele Columbus

European Telecoms for 2026 Industry action required for further outpe...

Over the past 3 years, the EU telecoms sector has had a great run – up >50%, despite modest underlying revenue/ EBITDA growth. This has almost entirely come from a deserved upwards re-rating in the multiple as the risk profile across the sector diminishes – which has been a key theme of ours in the past few years given improved regulation. So, we feel this has now largely played out.

Vodafone (Buy, 120p, +26%) Safaricom buyout: More FCF accretive than ...

Vodafone and Vodacom have announced today that they will be taking control of Safaricom. Given the structure of the deal with Kenyan Government involving pre-paying dividends, we think the deal could offer better than expected accretion to Vodafone’s reported FCF for limited capital outflow.

Liberty Global (Neutral, $11.5, +5%) CFO call feedback – new M&A optio...

We attended a call yesterday with Charlie Bracken, Liberty Global CFO. This gave some new insights into some of their next potential M&A moves and how the spin (or really a private market sale) might play out.

Vodafone (Buy, 120p, +30%) H1 26 - Multiple re-rating in play

Vodafone has reported a decent set of H1 results and guidance has been moved to the upper-end of the guidance range (albeit us and consensus were already there). We think there is still a story for the multiple to be re-rated further – and even though there is new dividend guidance today, we also think there is potential for incremental cash return to come at the FY results.

Liberty Global - Earnings Flash - Q3 FY 2025 Results - Lucror Analytic...

Liberty Global has reported weak Q3/25 results, with revenues for consolidated entities up 1.0% in reported terms to USD 1.21 bn, and adjusted EBITDA declining 5.7% in rebased terms to USD 337 mn. We are particularly concerned about the continued reduction in the subscriber base. In our opinion, market conditions remain very difficult in many of the group's markets, and we expect little improvement in the conditions until the altnet consolidation starts in earnest.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Intrum, Liberty Global, Iliad, International Personal Finance, Nissan Motor, Borr Drilling, Seche Environnement, Adler Pelzer, Ontex, Nomad Foods (Iglo), Paragon, Boparan, Ineos Quattro

Liberty Global (Neutral, $11.5, +2%) Was $10.5 There are better op...

Liberty Global’s Q3 results contained no new strategic announcements – and this suggests none might be forthcoming next Tuesday at Telefonica’s CMD either with regard to VMO2, which we think is concerning for the credit outlook at that business.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Aston Martin, Ahlstrom, International Personal Finance, Liberty Global, Constellium, Selecta, Victoria, Assemblin

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Liberty Global, Banijay, evoke, CEMEX, Ardagh, Nomad Foods (Iglo), Versuni, Boparan, Ontex, Intrum, International Personal Finance, Ineos, Nissan Motor

Europe HY Trade Book - Media & Communications - Lucror Analytics

The Europe HY Trade Book - Media & Communications includes current trade recommendations drawn from our European HY media & communications coverage universe, along with relative-value scatter plots and a peer table. 

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: MasOrange, Victoria, Ardagh Metal Beverage Packaging, Verisure, Playtech, Liberty Global, Crown Holdings, Softbank Group, evoke, Nomad Foods (Iglo)

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Altice France (SFR), Liberty Global, Virgin Media O2, Tata Motors, Sammontana Italia

Why you should be reading the Tariff Tracker – a leading SR indicator

We publish monthly front book pricing data in our Tariff Tracker product. In this report we show some new analysis looking at how front book tariffs are a good leading indicator for service revenue trends in mobile and fixed, including new work looking at discounted and undiscounted prices.

Liberty Global - Earnings Flash - Q2 FY 2025 Results - Lucror Analytic...

Liberty Global (LG) has released its Q2/25 numbers. Revenues for consolidated entities amounted to USD 1.17 bn, with a 20.0% y-o-y rebased increase. Adjusted EBITDA rose 5.8% in rebased terms to USD 335 mn, supported by improvements at LG and Telenet. Subscriber trends remained weak overall. Reported total debt grew to USD 9.9 bn, and the cash balance dropped to USD 1.8 bn. Reported net senior leverage stood at 3.8x, and total net leverage at 4.2x.

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: SIG plc, Playtech, Flos B&B Italia, Liberty Global, Almaviva, Engineering Group, Trivium, Tata Motors, Nissan Motor, Froneri, Modulaire, Clarios, Itelyum Group, Italmatch Chemicals, Synthomer