Sunrise Spinoff and Valuation
The pending spinoff of the Swiss subsidiary, Sunrise, received 99% approval and is valued at CHF 8.2 billion by analysts, contributing $12 per Liberty share.
Record Shareholder Remuneration
Liberty Global is on track for a record year in shareholder remuneration with buybacks and dividends totaling nearly $5 billion on a market cap of $7.6 billion.
Asset Sales and Returns
Sold 25% of VMO2's tower portfolio for 17x to 18x EBITDA, netting $350 million, and realized over $70 million on a $20 million investment in Pax8, demonstrating a 36% IRR.
Free Cash Flow and Liquidity
Maintained a substantial cash balance of $3.5 billion, with free cash flow on track to meet full-year guidance and significant cash inflow expected in Q4.
Stable Revenue in Key Markets
VodafoneZiggo delivered stable revenue driven by mobile and B2B fixed revenues, despite a decline in the B2C fixed customer base.