Liberty Global has announced first quarter 2017 results for its Liberty Global Group and LiLAC Group. European operating income for Liberty Global Group was down 18% year-on-year at $431 million, owing to decreases in operating cash flow (OCF), depreciation and amortization.“In terms of our European financials, we had a soft start to the year on the revenue front with 2% rebased growth in Q1, mainly due to challenging mobile results in Belgium and the U.K.,” said Liberty Global CEO Mike...
Fries had a rough time in 2022 on Wall Street, where the telco giant’s stock share price dipped from $28.99 in February to $15.59 in October. But he struck an optimistic note in the company’s Q3 2022 earnings report, boasting of aggregate broadband and mobile subscriber increases and its ability to provide affordable services to customers, while offsetting high energy and labor costs with higher prices, increasing synergies and expanded digital initiatives. Deal-wise, his biggest move was a $4.5 billion joint venture with Telefónica and InfraVia Capital Partners to expand residential fiber networks to millions of homes in the U.K., announced in August. The son of the late film and TV producer Charles Fries, he serves alongside Liberty Global chairman John C. Malone on the company’s two-person executive committee.