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Stock Market & Financial Investment News

News Breaks
November 5, 2012
05:28 EDTLBTYAUPC Holding B.V. reports Q3 operating income EUR271M, up 7% yoy
Reports Q4 revenue EUR1.08B, up 6%, representing rebased growth of 3%.
News For LBTYA From The Last 14 Days
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April 20, 2015
05:14 EDTLBTYALiberty Global subsidiary Telenet to acquire BASE Company
Liberty Global announced that its subsidiary Telenet Group Holding NV has entered into a definitive agreement to acquire BASE Company NV, the third-largest mobile network operator in Belgium in an all cash transaction valuing BASE Company at EUR 1.33B. This represents a purchase price multiple of 4.2x BASE Companyís estimated 2015 OCF, as adjusted for approximately EUR 145M of projected annual run-rate opex synergies. When the enterprise value is increased to include approximately EUR 240M of projected one-off investments and integration costs, the synergy adjusted multiple increases to 5.0x. This acquisition will enable Telenet to compete more effectively in a mobile market with significant growth opportunities, while offering a full range of fixed and mobile services to the benefit of consumers and businesses in Belgium. Telenet intends to finance the acquisition of BASE Company through a combination of EUR 1.0B of new debt facilities and existing liquidity. Giving pro-forma effect to the transaction and the completion of the intended financings, we estimate that Telenetís net leverage ratio under its existing bank facility, excluding synergies, would have been approximately 4.45x at December 31, 2014.

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