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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Liberty Global PLC    LBTYA   GB00B8W67662

LIBERTY GLOBAL PLC

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Liberty Global : CEO Sees Mobile Services as Important Growth Driver for Cable Firms

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06/09/2015 | 11:59am EDT
By Archibald Preuschat 

COLOGNE, Germany--Mobile phone services are an important driver of growth for traditional cable network operators, Michael Fries, chief executive of Liberty Global, said in an interview Tuesday.

Mr. Fries indicated Liberty Global, controlled by U.S. media mogul John Malone, has little appetite to acquire mobile assets following a recent deal in Belgium for mobile-network operator Base.

His remarks follow recent comments from Vodafone Ltd., the world's second-biggest mobile firm, that it was in talks with Liberty Global on an asset swap. Mr. Fries declined to discuss the issue.

Offering bundled packages with TV, fixed-line telephony, Internet and mobile services--so called quad-play services -- "is an important piece of the puzzle," Mr. Fries said. Mobile services in particular are "an interesting growth driver," he said, adding Liberty Global needs to add mobile services because competing telecom firms also offer quad-play-products.

"We see in the U.K. and Belgium that customers become more sticky," or have greater allegiance to a service provider, he said. Acquiring customers is expensive for cable companies and retaining them is increasingly important.

While Liberty Global is a large player in the U.K., it "likely won't buy a mobile operator" there, he said. "We are a cable company and owning mobile assets would change our economics, our profile," he said.

In Belgium, however, Liberty Global recently acquired Base from Dutch carrier KPN. "In Belgium, especially in Flanders, we've been big enough and Base was small enough to absorb them easily," Mr. Fries said.

In most other markets it is more efficient to rent mobile capacity than to buy an operator, he said.

Mr. Fries said Liberty Global isn't vulnerable as a takeover target. "We are absolutely not vulnerable, in terms of becoming a target against our own will," he said. "We have great organic growth. There are no deals we need to do to be successful."

Write to Archibald Preuschat at archibald.preuschat@wsj.com

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Financials ($)
Sales 2019 11 503 M
EBIT 2019 1 277 M
Net income 2019 -4,45 M
Debt 2019 19 794 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 3,33x
EV / Sales 2020 3,47x
Capitalization 18 475 M
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Number of Analysts 14
Average target price 31,0 $
Spread / Average Target 22%
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Managers
NameTitle
Michael Thomas Fries Vice Chairman, President & Chief Executive Officer
John C. Malone Chairman
Joost Baptiest P. Coopmans Senior Vice President-Operations
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
Enrique Rodríguez Chief Technology Officer & Executive VP
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