Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

LIBERTY GLOBAL PLC

(LBTYA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Liberty Global : Telefonica Seek Fast-Track Approval for UK Merger -- 2nd Update

11/19/2020 | 09:07am EST

--The European Commission has referred the merger of U.K. operations of Liberty Global and Telefonica to the U.K.'s Competition and Markets Authority.

--The CMA is targeting Feb. 1, 2021 for an initial decision

--Liberty Global and Telefonica have requested a fast-track phase 2 investigation in the U.K.

By Mauro Orru

The European Commission said Thursday that it has referred a proposed merger of the U.K. operations of John Malone's Liberty Global PLC and Telefonica SA to Britain's Competition and Markets Authority.

The decision comes after a request from the CMA for the referral of the proposed deal, which would combine Liberty Global's Virgin Media and Telefonica's O2, creating a telecoms giant worth nearly $39 billion.

The CMA, which is targeting Feb. 1 for an initial decision on the deal, previously warned of competition concerns in the markets for retail, wholesale mobile services and the market for leased lines in the U.K.

A representative for Liberty Global and Telefonica said "the parties have requested the CMA to start a 'fast-track' Phase 2 in the UK. We have been in close contact with the CMA and Ofcom throughout this process and are confident the transition will be seamless. Our view remains that this transaction is pro-competitive and we continue to expect closing around the middle of next year."

The Commission, the executive arm of the European Union, said the referral would enable the CMA to deal with the case under U.K. national law as the country's transition period with the European Union comes to an end at the end of December.

"The CMA claimed that it would be well placed to review the transaction in view of the upcoming expiry of the transition period," the Commission said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

11-19-20 0906ET

Stocks mentioned in the article
ChangeLast1st jan.
LIBERTY GLOBAL PLC -0.81% 25.53 Delayed Quote.6.52%
TELEFONICA S.A. 1.29% 3.704 Delayed Quote.12.67%
All news about LIBERTY GLOBAL PLC
01/26LIBERTY GLOBAL : Schedules Investor Call for Full-Year 2020 Results
BU
01/26LIBERTY GLOBAL : Virgin Media launches 5G services in the UKVirgin Media is laun..
PU
01/19LIBERTY GLOBAL : Helping fight climate changeA report by the respected economist..
PU
01/15LIBERTY GLOBAL VENTURES' INVESTMENT : SKLZ), the...
PU
01/13LIBERTY GLOBAL : Virgin Media offers vital connectivity to support the nation du..
PU
01/12LIBERTY GLOBAL : 's UK Operations Launch Plume Pods
BU
01/11Deutsche Telekom looking to sell Dutch unit -paper
RE
01/05LIBERTY GLOBAL : Agrees to Launch Cadent's Advertising Management Platform Acros..
MT
2020LIBERTY GLOBAL : Recognized for Sustainability Leadership
BU
2020LIBERTY GLOBAL : UPC Poland launches free Internet package for families in needU..
PU
More news
Financials (USD)
Sales 2020 11 788 M - -
Net income 2020 -271 M - -
Net Debt 2020 20 053 M - -
P/E ratio 2020 -38,8x
Yield 2020 -
Capitalization 14 917 M 14 917 M -
EV / Sales 2020 2,97x
EV / Sales 2021 2,48x
Nbr of Employees 20 200
Free-Float 93,2%
Chart LIBERTY GLOBAL PLC
Duration : Period :
Liberty Global plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LIBERTY GLOBAL PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 34,06 $
Last Close Price 25,80 $
Spread / Highest target 117%
Spread / Average Target 32,0%
Spread / Lowest Target -14,7%
EPS Revisions
Managers and Directors
NameTitle
Michael Thomas Fries President, Chief Executive Officer & Director
John C. Malone Chairman
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
Enrique Rodríguez Chief Technology Officer & Executive VP
Paul Alan Gould Independent Director
Sector and Competitors