ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » LBTYB Stock Price » LBTYB Stock News

Liberty Global Share News

 Liberty Global (mm) Stock Price
LBTYB Stock Price
 Liberty Global (mm) Stock Chart
LBTYB Stock Chart
 Liberty Global (mm) Stock News
LBTYB Stock News
 Liberty Global (mm) Company Information
LBTYB Company Information
 Liberty Global (mm) Stock Trades
LBTYB Stock Trades

Sale of Sweden's Com Hem In Doubt;Owners May Opt For IPO-Sources

By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- The private equity owners of Swedish cable operator Com Hem may pull the company's sale following the withdrawal of two buyout firms from the bidding process, people familiar with the situation told Dow Jones Newswires Tuesday. Deutsche Bank (DB) and Morgan Stanley (MS) are running the process for owners Carlyle Group and Providence Equity Partners and the sale attracted several buyout firms in the initial stages. However CVC Capital Partners and Nordic Capital withdrew from the process ahead of the second-round deadline last Thursday leaving just BC Partners and Cinven in the auction. Cinven had been planning a joint bid with Nordic Capital. All parties are now in discussions to try and secure a deal, but unless this can be done this week the owners may opt for an initial public offering after the summer, one person said. The buyout outlook has turned more uncertain as the euro-zone debt crisis weighs on private equity buyers' ability to raise acquisition finance to fund deals. Carlyle Group and Providence Equity Partners bought the Stockholm-based cable operator in January 2006 for around $1.2 billion. In June that year, the buyout duo merged the company with UPC Sweden which they bought from John Malone's Liberty Global Inc. (LBTYA) for $427 billion. Com Hem had earnings before interest, taxes, depreciation and amortization, or Ebitda, of 1.85 billion Swedish kronor ($294.4 million) in 2010, an increase of 13% on the previous year and boosted by a fourth-quarter rise of 32% compared with the same period in 2009. Last year, Com Hem invested SEK680 million to develop infrastructure and services and by year end had 840,600 digital TV, broadband and telephone subscribers. It is unclear exactly what value the owners put on the business, but earlier this year Swedish private equity company EQT announced the sale of German cable operator Kabel Baden-Wuerttemberg GmbH & Co. KG (KD8.XE) to Liberty Global for EUR3.16 billion, representing an Ebitda multiple of 8.1 on forecast 2011 earnings. A similar multiple on last year's Ebitda would value Com Hem at around SEK15 billion ($2.39 billion). -By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com

Stock News for Liberty Global (LBTYB)
DateTimeHeadline
07/29/201618:30:00Bidders Circle Formula One
07/29/201618:01:00Sky, Discovery/Liberty Global, Others Circle Formula One -- Update
07/28/201617:30:00Liberty Global Schedules Investor Call for Second Quarter Results
07/28/201608:00:00BT Earnings Up as Revenue Jumps -- Update
07/26/201607:10:00BT Rejects Regulator's Call for Legal Separation of Network Business
07/25/201612:52:00NOTICE OF REDEMPTION
07/25/201612:48:00NOTICE OF REDEMPTION
07/19/201604:59:00Vodafone, Liberty Global Name Jeroen Hoencamp as Netherlands...
07/19/201604:00:00Vodafone Group & Liberty Global Announce Intention to Appoint...
06/20/201613:01:00Liberty Global Announces Final Ratio for LiLAC Group Share Distribution...
06/09/201616:45:00Liberty Global to Hold Annual General Meeting of Shareholders
06/09/201616:05:00Liberty Global to Present at the 6th Annual Goldman Sachs European...
06/02/201609:47:00Liberty Global Announces Distribution of LiLAC Group Shares to...
05/16/201609:06:00Liberty Global Completes Acquisition of Cable & Wireless Communications...
05/13/201617:45:00Liberty Global to Present at the 3rd Annual MoffettNathanson...
05/13/201612:35:00Cable & Wireless Communications CEO to Step Down On Takeover...
05/11/201614:40:00Vincent Bolloré Moves to Strengthen Grip at Vivendi
05/10/201613:24:00Liberty Global's Unitymedia Plans Job Cuts, Investments
05/09/201621:20:00Liberty Global Reports Narrower Quarterly Loss
05/09/201619:40:00Liberty Global Reports Narrower Quarterly Loss

Liberty Global and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad