Liberty Global PLC

Liberty Global Ltd. (Nasdaq: LBTYA, LBTYB, LBTYK) manages two platforms: Liberty Telecom and Liberty Growth.

**Liberty Telecom** provides converged broadband, video and mobile services across Europe over fiber and 5G networks, with about 80 million fixed and mobile connections. It generates aggregate revenue of about $22 billion: about $13 billion from the nonconsolidated VMO2 joint venture and about $9 billion from consolidated operations. Its businesses are:
- **Ziggo Group (Benelux):** fully consolidated and reported as one segment. It combines VodafoneZiggo in the Netherlands, wholly owned and consolidated since the July 31, 2026 purchase of Vodafone's 50% stake, and Telenet in Belgium, including the BASE mobile brand. The two keep separate credit silos. A Ziggo Group spin-off and Euronext Amsterdam listing is planned for Q2 2027.
- **Wyre:** a Belgian fixed-network infrastructure company rolling out FTTH and providing wholesale services to Telenet and others.
- **Virgin Media Ireland:** broadband, mobile and VMTV television services.
- **Virgin Media O2:** a 50%-owned UK joint venture offering fixed broadband, O2 mobile and O2 Business services. It is the anchor tenant on the nexfibre fiber network.

**Liberty Growth** invests in technology, media, sports and infrastructure businesses. Its portfolio of roughly 70 companies and funds was independently valued at $3.4 billion as of December 31, 2025. It includes the Liberty Blume operational and finance services platform and Formula E.

**Liberty Corporate** covers centralized technology, services and corporate activities.

Revenue comes mainly from recurring residential and B2B fixed and mobile subscriptions, plus handset sales, wholesale and programming. The company pursues an 'unlock' strategy of spin-offs, asset disposals, deleveraging and share buybacks to surface shareholder value. Updated Nov 3, 2026