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Stock Market & Financial Investment News

News Breaks
February 5, 2013
06:25 EDTVMED, LBTYACorrect: Virgin Media confirms discussions with Liberty Global
Virgin Media (VMED) notes the recent press speculation in relation to a possible corporate transaction between Virgin Media and Liberty Global (LBTYA). Virgin Media confirms that it is in discussions with Liberty Global. Any such transaction would be subject to regulatory and other conditions. This release corrects the 5:12 release.
News For VMED;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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