DOCSLIB.ORG

Liberty Global Annual Report 2021

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Liberty Global Annual Report 2021 Liberty Global Annual Report 2021 Form 10-K (NASDAQ:LBTYK) Published: March 30th, 2021 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K/A (Amendment No. 1) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35961 Liberty Global plc (Exact name of Registrant as specified in its charter) England and Wales 98-1112770 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Griffin House 161 Hammersmith Rd London United Kingdom W6 8BS (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: +44.208.483.6449 or 303.220.6600 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A ordinary shares LBTYA Nasdaq Global Select Market Class B ordinary shares LBTYB Nasdaq Global Select Market Class C ordinary shares LBTYK Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act: none Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☑ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months. Yes ☑ No ☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Check one: Accelerated Filer ☐ ☐ Smaller Reporting Company Emerging Growth Company Large Accelerated Filer ☑ Non-Accelerated Filer ☐ ☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☑ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑ State the aggregate market value of the voting and non-voting common equity held by non-affiliates, computed by reference to the price at which the common equity was last sold, or the average bid and ask price of such common equity, as of the last business day of the Registrant’s most recently completed second fiscal quarter: $12.3 billion. The number of outstanding ordinary shares of Liberty Global plc as of January 31, 2021 was: 181,355,249 shares of class A ordinary shares, 12,561,444 shares of class B ordinary shares and 383,495,825 shares of class C ordinary shares. DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive proxy statement for the Registrant’s 2021 Annual General Meeting of Shareholders are incorporated by reference in Part III of this Form1 0- K. EXPLANATORY NOTE On February 16, 2021, Liberty Global plc (the Registrant) filed with the Securities and Exchange Commission its Annual Report on Form 10-K (the Form 10-K) for the year ended December 31, 2020. The Registrant is filing this Amendment No. 1 on Form 10-K/A (the Form 10-K/A) to include under Item 15 the consolidated financial statements of its equity investee VodafoneZiggo Group Holding B.V., as required by Rule 3-09 of Regulation S-X. Accordingly, the Registrant hereby amends and replaces in its entirety Item 15 of its Form 10-K. Except as described above, this Form 10-K/A does not update or modify in any way the disclosures provided in the Registrant's Form 10-K, and does not purport to reflect any information or events subsequent to the February 16, 2021 filing thereof. PART IV Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES (a) (1) FINANCIAL STATEMENTS The financial statements required under this Item begin on page II-45 of this Annual Report on Form 10-K. (a) (2) FINANCIAL STATEMENT SCHEDULES The financial statement schedules required under this Item are as follows: Schedule I - Condensed Financial Information of Registrant (Parent Company Information): Liberty Global plc Condensed Balance Sheets as of December 31, 2020 and 2019 (Parent Company Only) IV-9 Liberty Global plc Condensed Statements of Operations for the years ended December 31, 2020, 2019 and 2018 (Parent Company Only) IV-10 Liberty Global plc Condensed Statements of Cash Flows for the years ended December 31, 2020, 2019 and 2018 (Parent Company Only) IV-11 Schedule II - Valuation and Qualifying Accounts IV-12 Separate Financial Statements of Subsidiaries Not Consolidated and 50 Percent of Less Owned Persons: VodafoneZiggo Group Holding B.V.: Independent Auditors' Report IV-13 Consolidated Balance Sheets as of December 31, 2020 (unaudited) and 2019 (unaudited) IV-14 Consolidated Statements of Operations for the Years Ended December 31, 2020 (unaudited), 2019 (unaudited) and 2018 IV-16 Consolidated Statements of Owners' Equity for the Years Ended December 31, 2020 (unaudited), 2019 (unaudited) and 2018 IV-17 Consolidated Statements of Cash Flows for the Years Ended December 31, 2020 (unaudited), 2019 (unaudited) and 2018 IV-18 Notes to Consolidated Financial Statements IV-20 (a) (3) EXHIBITS Listed below are the exhibits filed as part of this Annual Report on Form 10-K (according to the number assigned to them in Item 601 of Regulation S-K): 2 -- Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession: 2.1 Amended Sale and Purchase Agreement, dated as of May 9, 2018, as amended, by and among Liberty Global plc and Vodafone Group plc and certain of their respective subsidiaries (incorporated by reference to Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed August 5, 2019 (File No. 001-35961)).*** 2.2 Contribution Agreement, dated May 7, 2020, by and among Liberty Global plc, Liberty Global Europe 2 Limited, Liberty Global Holdco Limited, Telefónica, S.A., and Telefonica O2 Holdings Limited (incorporated by reference to Exhibit 2.1 to the Registrant’s Current Report on Form 8-K filed May 13, 2020 (File No. 001-35961)).*** 2.3 Transaction Agreement, dated as of August 12, 2020 between Liberty Global plc and Sunrise Communications Group AG (incorporated by reference to Exhibit 2.1 to the Registrant’s Quarterly Report on Form 10-Q filed November 4, 2020 (File No. 001-35961)). 3 -- Articles of Incorporation and Bylaws: 3.1 Articles of Association of Liberty Global plc, effective as of July 1, 2015 (incorporated by reference to Exhibit 3.1 to the Registrant’s Registration Statement on Form 8-A filed June 19, 2015 (File No. 001-35961)). 4 -- Instruments Defining the Rights of Securities Holders, including Indentures: 4.1 Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.1 to the Registrant’s Annual Report on Form 10-K filed February 13, 2020 (File No. 001-35961)). 4.2 Amended Credit Agreement to Senior Secured Credit Facility Agreement originally dated January 16, 2004, dated November 29, 2017, among UPC Broadband Holding B.V. (UPC Broadband Holding) as Borrower, The Bank of Nova Scotia, as Facility Agent, the Guarantors listed therein, the Security Agent and the bank and financial institutions acceding thereto from time to time (the UPC Broadband Holding Bank Facility) (incorporated by reference to Schedule 2 of Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed December 5, 2017 (File No. 001-35961)(the December 2017 8-K)). 4.3 Supplemental Deed dated November 29, 2017, between UPC Broadband Holding, as Obligor, and the Bank of Nova Scotia, as Facility Agent and Security Agent, which is supplemental to and amends the UPC Broadband Holding Bank Facility (incorporated by reference to Exhibit 4.1 to the December 2017 8-K). 4.4 Indenture dated April 15, 2015, among UPCB Finance IV Limited, The Bank of New York Mellon, London Branch as Trustee, Principal Paying Agent, Transfer Agent and Security Agent, The Bank of New York Mellon as New York Paying Agent, New York Transfer Agent and Dollar Notes Registrar and The Bank of New York Mellon (Luxembourg) S.A. as Euro Notes Registrar and Transfer Agent (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K/A filed April 21, 2015 (File No. 001-35961) (the April 2015 8-K/A)). 4.5 Additional Facility AK Accession Agreement, dated April 15, 2015, among UPC Financing Partnership (UPC Financing) as Borrower, The Bank of Nova Scotia as Facility Agent and Security Agent, UPC Broadband Holding and UPCB Finance IV Limited as Additional Facility AK Lender, under the UPC Broadband Holding Bank Facility (incorporated by reference to Exhibit 4.2 to the April 2015 8-K/A).
Load more

Recommended publications
  • Condensed Combined Financial Statements March 31, 2021 THE
    Condensed Combined Financial Statements March 31, 2021 THE VIRGIN MEDIA GROUP 1550 Wewatta Street, Suite 1000 Denver, Colorado 80202 United States THE VIRGIN MEDIA GROUP TABLE OF CONTENTS Page Number FINANCIAL STATEMENTS Condensed Combined Balance Sheets as of March 31, 2021 and December 31, 2020 (unaudited)............................. 1 Condensed Combined Statements of Operations for the Three Months Ended March 31, 2021 and 2020 (unaudited).................................................................................................................................................................. 3 Condensed Combined Statements of Comprehensive Earnings for the Three Months Ended March 31, 2021 and 2020 (unaudited)......................................................................................................................................................... 4 Condensed Combined Statements of Equity for the Three Months Ended March 31, 2021 and 2020 (unaudited)...... 5 Condensed Combined Statements of Cash Flows for the Three Months Ended March 31, 2021 and 2020 (unaudited).................................................................................................................................................................. 7 Notes to Condensed Combined Financial Statements (unaudited)................................................................................ 9 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS..............................................................................................................................................................
    [Show full text]
  • Virgin Media Welcomes the Opportunity to Participate in the Debate on the Future of Public Service Media (‘PSM’) in the UK
    Non-Confidential Small Screen: Big Debate Consultation The Future of Public Service Media Summary Virgin Media welcomes the opportunity to participate in the debate on the future of public service media (‘PSM’) in the UK. Our contribution stems not only from our position as a pay-TV service provider, but also draws on our experience in the telecommunications market more broadly as some of the changes happening in the connectivity space will fuel the adoption of new ways of consuming content. We have played, and will continue to play, a leading role in the digitisation of the UK market. Since 2013 when Virgin Media was acquired by Liberty Global plc, we have spent more than £8.7bn on upgrading and expanding Virgin Media’s network, extending it to an additional 2.4 million premises to cover more than half the country – more than all of the alternative providers combined. We are also upgrading our network to bring next-generation gigabit broadband to our entire UK footprint by the end of 2021 – a pace unmatched by anyone else. We, together with our parent company Liberty Global, are a strong believer in the benefits of the fixed-mobile convergence (FMC) and are on a path to become a converged provider pending a regulatory approval of our Virgin Media / O2 joint venture. We expect the new joint venture to be able to deliver £10bn investment in the UK’s broadband network over the next five years, expand 5G and build to additional premises. The joint venture, and the associated investments, will accelerate the availability and take up of FMC propositions in the UK.
    [Show full text]
  • These Listing Particulars Have Been Prepared Solely
    THESE LISTING PARTICULARS HAVE BEEN PREPARED SOLELY FOR THE PURPOSES OF ADMITTING THE NOTES TO THE OFFICIAL LIST AND TRADING ON THE GLOBAL EXCHANGE MARKET OF EURONEXT DUBLIN LISTING MEMORANDUM Virgin Media Vendor financing Notes IV Designated Activity Company $500,000,000 5.000% Vendor Financing Notes due 2028 September 15, 2020 Application has been made to the Irish Stock Exchange PLC trading as Euronext Dublin ("Euronext Dublin") for the $500,000,000 5.000% Vendor Financing Notes due 2028 (the “Notes”) issued by Virgin Media Vendor Financing Notes IV Designated Activity Company (formerly Dolya Holdco 18 Designated Activity Company) (the "Issuer") to be admitted to its Official List and to trading on the Global Exchange Market. The Notes were issued pursuant to the trust deed dated as of June 24, 2020 (the “Trust Deed”), between, among others, the Issuer, as issuer, BNY Mellon Corporate Trustee Services Limited, as notes trustee (the “Notes Trustee”) and BNY Mellon Corporate Trustee Services Limited, as security trustee (the “Security Trustee”). Except as otherwise provided in the Trust Deed, the Notes will be treated as one single class for all purposes under the Indenture including, without limitation, waivers, amendments, redemptions and offers to purchase. This Listing Memorandum together with the Offering Circular dated June 10, 2020 (the “Offering Circular”) which is attached hereto as Annex A, constitutes listing particulars (the “Listing Particulars”) for the purposes of admitting the Notes to Euronext Dublin’s Official List and to trading on its Global Exchange Market and has been approved by Euronext Dublin. Any capitalized term used herein, but not otherwise defined or referenced in this Listing Memorandum, shall have the meaning ascribed to such term in the Offering Circular.
    [Show full text]
  • The Fixed/Mobile Broadband Battle: Is It Time for “Smart Broadband”?
    Point of View The Fixed/Mobile Broadband Battle: Is It Time for “Smart Broadband”? Author Dave Parsons Key Contributors: Bill Gerhardt Richard Medcalf Stuart Taylor Andrew Toouli November 2009 Cisco Internet Business Solutions Group (IBSG) Cisco IBSG © 2009 Cisco Systems, Inc. All rights reserved. Point of View The Fixed/Mobile Broadband Battle: Is It Time for “Smart Broadband”? Executive Summary Mobile broadband has emerged as a new phenomenon that is poised to take signifi- cant market share from fixed broadband. The key question all broadband operators (fixed, mobile, and integrated) are asking is: How do I deal with this new development? Offering a compelling broadband customer experience helps retain/maximize aver- age revenue per user (ARPU) from existing customers, while increasing the chance of attracting new ones. The Cisco® Internet Business Solutions Group (IBSG) believes this experience should be about making it easy for end customers to access fixed or mobile broadband, wherever they are, with whatever devices and applications they are using. Cisco IBSG calls this approach “smart broadband”—taking advantage of different broadband connection modes to deliver a more valuable and compelling, application- aware broadband service to users. Cisco IBSG is already starting to see deployment of some embryonic smart broadband services, but we feel that more investment is needed to fully realize the benefits. While integrated operators are perhaps in the best position to exploit a smart broadband service, we believe that any operator embracing smart broadband will deliver greater value to customers and distance itself from the competition. Introduction Fixed broadband, including digital subscriber line (DSL) and cable, has been a phenom- enal growth story around the globe over the past five years.
    [Show full text]
  • Telekom Romania 4
    Telecommunications Sector Romania May 2015 Produced by: Any redistribution of this information is strictly prohibited. Copyright © 2015 EMIS, all rights reserved. - 1 - Table of Contents I. Sector Overview 1. Sector Highlights 5. Market Shares 2. Key Sector Data 6. Operator Switching 3. Economic Importance 4. Telecom revenues – forecasts IV. Internet Services 5. Regulatory framework 1. Segment Highlights 6. National strategy on 2020 digital agenda 2. Key Segment Data 7. Digital Agenda for Romania 2014-2020 3. Internet access providers 4. Mobile connections II. Fixed Telephony 5. Fixed connections 1. Segment Highlights 6. Internet Speed 2. Key Segment Data 7. Recent Developments 3. Market Shares V. Television III. Mobile Telephony 1. Key Segment Data 1. Segment Highlights 2. TV Services Providers 2. Key Segment Data 3. Advertising Market 3. Traffic volume on mobile networks 4. Recent Developments 4. Market concentration Any redistribution of this information is strictly prohibited. Copyright © 2015 EMIS, all rights reserved. - 2 - Table of Contents VI. Telecom Sector Headlines VII. Main Players 1. Top M&A Deals 2. M&A Activity, 2013-2014 3. Telekom Romania 4. Telekom Romania Communications 5. Telekom Romania Mobile Communications 6. Orange Romania 7. Vodafone Romania 8. RCS&RDS 9. UPC Romania Any redistribution of this information is strictly prohibited. Copyright © 2015 EMIS, all rights reserved. - 3 - I. Sector Overview Any redistribution of this information is strictly prohibited. Copyright © 2015 EMIS, all rights reserved. - 4 - Sector Highlights Total revenues from the provision of electronic communications networks and services in Romania decreased in 2013 by 1.5% to RON 14.4bn, according to market watchdog ANCOM.
    [Show full text]
  • Discussion Materials
    Discussion Materials July 2013 Confidential Presentation Table of Contents Agenda 1. Update on Barclays 2. Liberty Global Update 3. Chellomedia Positioning 4. Detailed Asset Overview 5. Strategic Alternatives 6. Potential Buyers 7. Sector Valuation ________________________________________________________________________________________ Appendices Update on Barclays Global TMT – A Top Ranked Investment Banking Team Landmark transactions executed across all products, sectors and regions Equities Global TMT Advisory $199bn across 186 deals Michael Dell & has made an have agreed to acquire has agreed to sell $153 million $16 billion $766 million unsolicited offer for HOME Initial Public to Initial Public Offering Initial Public Offering Offering Joint Bookrunning $46.7 billion total value $24.4 billion Exclusive Financial Lead Left Bookrunner Lead Manager TMT Joint Bookrunner Exclusive Financial Advisor Financial Advisor Advisor to Google May 2012 October 2012 December 2012 2012 Pending Pending Pending Over 80 industry bankers has agreed to be Credit Services Has agreed to divest its acquired by has agreed to be acquired by $1.1 billion $299.5 million 99.05% stake in $225 million Hellas Sat to Common Stock Initial Public Offering Registered Block PIPE Offering Trade 4 main offices and 8 points of presence $9.5 billion $1.0 billion Joint Exclusive worldwide €208 million Transaction value Exclusive Financial Advisor to Joint Bookrunner Quarterback Placement Agent Financial Advisor to OTE Financial Advisor CSC February 2012 October 10,2012 December 2012 February 2012 Pending December 3,2012 Top 4 across Equity, Debt and M&A in the Debt U.S. for 2010-2012 Debt $3.65 billion Senior Secured €750 million €1.5 billion US$700m FXD due2016 Credit Facilities £1.1bn / $1.0bnSr.
    [Show full text]
  • July Scorecard
    RootMetrics July 5G scorecard A look at 5G performance in Leicester, Liverpool, Manchester, and Newcastle 5G in the UK is growing fast. To provide the best view of the consumer’s real-world 5G experience, our new 5G Scorecards look at both 5G-only and 5G mixed mode results and combine those into one view of Everyday 5G performance. Our July 5G Scorecard looks at Everyday 5G availability and speed results from our first-half 2021 testing in Leicester, Liverpool, Manchester, and Newcastle. For added context, the maps below also show 5G-only results and overall median download speeds recorded on all network technologies. To learn more about Everyday 5G results, see below or read our new blog. To see more 5G results, visit our May and June 5G Scorecards. High-level storylines EE posted the highest Everyday 5G O2 (now Virgin Media O2) clocked availability in all four cities (including a tie the fastest Everyday 5G median download with Vodafone in Liverpool), along with speed in all four cities, topping out at a consistently fast Everyday 5G median speedy 153.4 Mbps in Leicester. While O2’s download speeds. EE also registered Everyday 5G availability wasn’t as improved Everyday 5G availability in all widespread as that of most operators, it four cities since 2H 2020, with faster showed nice improvement in each city Everyday 5G speeds in three of those cities. since 2H 2020. Three showed good progress in 1H 2021, Vodafone didn’t register any 5G increasing its Everyday 5G availability in all results in Leicester, but the operator had four cities since 2H 2020 and delivering fast Everyday 5G median download faster speeds in three cities.
    [Show full text]
  • $750,000,000 51/2% Senior Secured Notes Due 2026 Issued by Virgin
    LISTING PARTICULARS 1 $750,000,000 5 /2% Senior Secured Notes due 2026 issued by Virgin Media Secured Finance PLC Virgin Media Secured Finance PLC (“Virgin Media Secured Finance” or the “Issuer”) offered $750,000,000 aggregate 1 principal amount of its 5 /2% Senior Secured Notes due 2026 (the “Notes”). The Notes bear interest at a rate of 5.5% per annum. The Notes mature on August 15, 2026. Interest on the Notes is payable semi- annually on each February 15 and August 15, beginning on February 15, 2017. Some or all of the Notes may be redeemed at any time prior to August 15, 2021 at a price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest to (but excluding) the redemption date and a “make-whole” premium, as described elsewhere in these listing particulars (the “listing particulars”). The Notes may be redeemed at any time on or after August 15, 2021 at the redemption prices set forth elsewhere in these listing particulars. In addition, at any time prior to August 15, 2019 we may redeem up to 40% of the applicable Notes with the net proceeds of one or more specified equity offerings at the redemption prices set forth elsewhere in these listing particulars. Prior to August 15, 2021, during each 12-month period commencing on the Issue Date (as defined below), up to 10% of the principal amount of the Notes may be redeemed at a redemption price equal to 103% of the principal amount thereof plus accrued and unpaid interest to (but excluding) the redemption date.
    [Show full text]
  • The UPC Holding Group
    The UPC Holding Group Combined Financial Statements December 31, 2020 The UPC Holding Group TABLE OF CONTENTS Page Number PART I Forward-looking Statements............................................................................................................................................ I-1 Business............................................................................................................................................................................ I-2 Risk Factors...................................................................................................................................................................... I-20 PART II Independent Auditors’ Report.......................................................................................................................................... II-1 Combined Balance Sheets as of December 31, 2020 and 2019....................................................................................... II-3 Combined Statements of Operations for the Years Ended December 31, 2020, 2019 and 2018.................................... II-5 Combined Statements of Comprehensive Earnings (Loss) for the Years Ended December 31, 2020, 2019 and 2018... II-6 Combined Statements of Equity (Deficit) for the Years Ended December 31, 2020, 2019 and 2018............................. II-7 Combined Statements of Cash Flows for the Years Ended December 31, 2020, 2019 and 2018 .................................. II-10 Notes to Combined Financial Statements.......................................................................................................................
    [Show full text]
  • February 16, 2021 “SAFE HARBOR” Associated with Network Expansions; Other Factors Detailed from Time to Time in Our Filings with the U.S
    February 16, 2021 “SAFE HARBOR” associated with network expansions; other factors detailed from time to time in our filings with the U.S. Securities and Exchange Forward-Looking Statements + Disclaimer Commission; and management’s response to any of the aforementioned factors. For additional information on identifying factors This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In that may cause actual results to vary materially from those stated in forward-looking statements, please see our filings with the U.S. this context, forward-looking statements often address expected future business and financial performance and financial condition, Securities and Exchange Commission, including our most recently filed Form 10-K. These forward-looking statements speak only as of and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “may,” “target,” and the date of this release. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward- similar expressions and variations or negatives of these words. These forward-looking statements may include, among other things, looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions statements with respect to our strategies and priorities, future growth prospects and opportunities, results of operations, uses of or circumstances on which any such statement
    [Show full text]
  • Q2 2021 Earnings Release
    Virgin Media O2 Reports Preliminary Q2 2021 Results • Supercharging convergence growth with the launch of Virgin Media O2 • Strong Q2 adds and pro forma transaction adjusted EBITDA +6% YoY • Merger synergies have been validated and the integration is underway • Solid capital structure supported by our first ever Green Bond issue VMED O2 UK Limited (Virgin Media O2) is an integrated communications provider in the U.K., delivering connectivity and entertainment services to 5.7 million fixed-line customers and to 41.0 million retail and wholesale mobile connections as of 30 June 2021. In addition, it provides business communication products and services to small, medium and large enterprise and public sector customers as well as wholesale services to other operators and partners. Formed on 1 June 2021, Virgin Media O2 is a 50:50 joint venture between Liberty Global plc (Liberty Global) and Telefónica, SA (Telefónica). This release includes the actual IFRS results for Virgin Media O2 from launch, as well as pro forma1 results for the company as though the joint venture was created on 1 January 2020. The commentary in this release is based on a discussion of pro forma results. Lutz Schüler, CEO of Virgin Media O2, commented: “Virgin Media O2 is off to a flying start. We’ve maintained the strong momentum of recent quarters and are one of the largest and fastest growing converged providers. Our mission is to upgrade the UK, and we are doing exactly that. Today we’ve announced a major new fibre upgrade programme which will see us begin the next evolution of our network, building on the investment, firepower and leadership we already have and ensuring we’re fibre fit for the future.
    [Show full text]
  • Creating a Stronger and More Valuable Sunrise
    Switzerland Acquisition of UPC Switzerland Creating a stronger and more valuable Sunrise Investor presentation 30 September 2019 Disclaimer • The information contained in this presentation has not been independently verified and no representation or • The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or completeness, reasonableness or correctness of the information or opinions contained herein. None of Sunrise qualification under the securities laws of any jurisdiction. Communications Group AG, Deutsche Bank, UBS, Morgan Stanley & Co. International plc and any further • This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories syndicate members, Evercore, their respective subsidiaries or any of their respective employees, advisers, and dependencies, any state of the United States and the District of Columbia), Canada, Japan, Australia or any representatives or affiliates shall have any liability whatsoever (in negligence or otherwise) for any loss jurisdiction into which the same would be unlawful. This announcement does not constitute or form a part of any howsoever arising from any use of this document or its contents or otherwise arising in connection with this offer or solicitation to purchase, subscribe for or otherwise acquire securities in the United States, Canada, Japan, presentation. The information contained in this presentation is provided as of the date of this presentation and is Australia or any jurisdiction in which such an offer or solicitation is unlawful.
    [Show full text]