Liberty Global (LBTYA) Company Report

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.
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.
The service will automatically activate in locations without traditional mobile coverage and marks the UK's first use of direct-to-cell satellite technology.
Virgin Media O2 is investing £700 million in its mobile network this year, with the Starlink partnership building on this significant investment.

Oct 30, 2025, 1:32 PM

Liberty Global Ltd. Announces Q3 2025 Results and Strategic Progress

LBTYA

Earnings

Guidance Update

New Projects/Investments

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.
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.
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).
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.
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.

Oct 30, 2025, 12:13 PM

Liberty Global Plans Sale of ITV Stake

LBTYA

M&A

Liberty Global plans to sell half of its approximately 10% stake in British broadcaster ITV, reducing its holding to about 5%.
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.
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.
Liberty Global has committed to a 60-day lock-up period post-sale, restricting further share disposals during that time.