Global EM Telcos & Towers – Strong start – NSR GEM Top-10 February ‘26...

Our portfolio of Top Picks has started 2026 strongly, up 6% ytd already. This month we make no changes to our top picks. This note also includes key news & other thoughts, to try to help investors generate alpha within the EM Telco space.

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

Liberty Latin America (Buy, TP: $14.9, +79%) Puerto Rico Broadband th...

Using New Street’s proprietary broadband analyser “Broadband Insights” we deep dive on the Puerto Rican broadband market. We see increased customer risk for Liberty PR, and downgrade long term customer forecasts as a result.

Liberty LA (Buy, TP: $14.9, +85%) Feedback from call with CFO

We hosted a Zoom call with Liberty Latin America CFO, Chris Noyes, and Head of IR, Soomit Datta on Thursday last week. We talked about Hurricane Melissa, trends at CWC, Puerto Rico, Costa Rica, cost cutting and LLA’s capital allocation. The overall tone was measured but positive. Thoughts and feedback below

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.

Liberty LA (Buy, TP: $14.9, +89%) Q3 25: Good quarter but limited vis...

Liberty LA reported a good set of Q3 numbers post close yesterday

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

Liberty Latin America (Buy, TP: $14.9, +84%) New $250m secured financi...

Liberty Latin America announced today that it has raised a new 5-year $250m secured facility with Diameter Capital Partners.

Liberty LA (Buy, TP: $14.9, +97%) - Feedback from call with CFO

We hosted a Zoom call with Liberty Latin America CFO, Chris Noyes, and Head of IR, Soomit Datta on Monday this week. The call was split 50/50 between the group ex-Puerto Rico and the Puerto Rico. Tone on the business ex-Puerto Rico was positive. Regarding Puerto Rico, the tone was cautiously optimistic.