Significant Progress on Strategic Initiatives
Notable progress on strategic initiatives, including the spinoff of the Swiss subsidiary Sunrise, scheduled for November 12, with 99% approval at the EGM. The spinoff is expected to result in significant shareholder value, with a projected CHF 3.6 billion equity value.
Asset Sales and Capital Generation
Liberty Global has realized $900 million in asset sales over the past 12 months, including the sale of All3Media and portions of the VMO2 tower portfolio, demonstrating effective capital generation.
Share Buyback and Shareholder Remuneration
The company has repurchased 8% of shares year-to-date, aiming for a 10% buyback for the year. This will result in a record year for shareholder remuneration, totaling nearly $5 billion.
Stable Performance in Key Markets
Broadly stable revenue and EBITDA across most operating companies, with Sunrise and VodafoneZiggo showing stable adjusted EBITDA growth.