Joshua Mills

Carl Murdock-Smith

James Ratzer

Matthew Harrigan

Maurice Patrick

Robert Grindle

Stephen Malcolm

Ulrich Rathe

David Wright

Polo Tang

Druva Shaw

Eric Race

Luigi Minerva

- **Virgin Media O2** has entered a multi-year partnership with **Starlink** to launch **"O2 Satellite"** in the UK, a service designed to deliver messaging and data directly to mobile phones via Starlink's Low Earth Orbit satellite constellation.  **[1570585_15e66a3c3cb348d3805c832dce6f64fc]** 
- This initiative aims to **improve connectivity in rural and remote areas**, with the goal of extending Virgin Media O2's landmass coverage to **over 95%** within a year of its **early 2026 launch**.  **[1570585_15e66a3c3cb348d3805c832dce6f64fc]** 
- The service will automatically activate in locations without traditional mobile coverage and marks the **UK's first use of direct-to-cell satellite technology**.  **[1570585_15e66a3c3cb348d3805c832dce6f64fc]** 
- Virgin Media O2 is **investing £700 million** in its mobile network this year, with the Starlink partnership building on this significant investment.  **[1570585_15e66a3c3cb348d3805c832dce6f64fc]**

Virgin Media O2 Partners Starlink for UK Satellite-to-Mobile Rural Coverage

- Liberty Global Ltd. reported **Q3 2025 consolidated revenue of $1,207.1 million**, a **12.9% increase** year-over-year, and **Adjusted EBITDA of $336.5 million**, up **1.5%** year-over-year.  **[1570585_0001570585-25-000224_ex991lgq32025pressrelease.htm:2]** 
- The company implemented a **reshaped corporate operating model** in Q3 2025, leading to an improved outlook for **Liberty Services & Corporate Adj. EBITDA** of approximately **negative $150 million for full year 2025**, an improvement from previous guidance.  **[1570585_0001570585-25-000224_ex991lgq32025pressrelease.htm:0]** 
- Key joint ventures showed mixed results: **VMO2 JV** reported **Q3 2025 revenue of $3,436.0 million** (down 2.2% YoY) and **Adjusted EBITDA of $1,250.3 million** (up 6.8% YoY), while **VodafoneZiggo JV** saw **Q3 2025 revenue of $1,156.8 million** (up 2.3% YoY) and **Adjusted EBITDA of $522.2 million** (down 1.1% YoY).  **[1570585_0001570585-25-000224_ex991lgq32025pressrelease.htm:2]** 
- **VodafoneZiggo** delivered its **best quarterly broadband performance in over two years** and launched a **2 Gbps offering** in October 2025, projected to reach nearly **7 million homes by year-end**.  **[1570585_0001570585-25-000224_ex991lgq32025pressrelease.htm:0]** 
- As of September 30, 2025, Liberty Global's **total principal amount of debt and finance leases** stood at **$8.5 billion** with a **blended, fully-swapped cost of debt of 3.8%**, and the company maintained **total liquidity of $2,612.5 million**.  **[1570585_0001570585-25-000224_ex991lgq32025pressrelease.htm:8]**

Liberty Global Ltd. Announces Q3 2025 Results and Strategic Progress

- **Liberty Global** plans to sell **half of its approximately 10% stake** in British broadcaster ITV, reducing its holding to about **5%**.  **[1570585_15a24edc19de4f5fb9ab7c1209eed709]** 
- The sale involves approximately **191 million shares**, valued at around **£140 million**, and will be conducted via an **accelerated bookbuild process** managed by BNP Paribas and Deutsche Bank.  **[1570585_15a24edc19de4f5fb9ab7c1209eed709]** 
- This divestment crystallizes a loss for Liberty Global, which initially acquired its stake in **2014 for £481 million**, and aligns with its strategy to divest non-core assets.  **[1570585_15a24edc19de4f5fb9ab7c1209eed709]** 
- Liberty Global has committed to a **60-day lock-up period** post-sale, restricting further share disposals during that time.  **[1570585_15a24edc19de4f5fb9ab7c1209eed709]**

Liberty Global Plans Sale of ITV Stake

Liberty Global (LBTYA)