Liberty Global plc (LBTYK, Financial)(LBTYA, Financial) (0.7%) (LBTYK/LBTYA – $21.51/$21.86 – NASDAQ) is the leading international cable operator, offering advanced video, telephone, and broadband Internet services. The company operates broadband communications networks in six European countries, under brands that include UPC, Virgin (U.K.), and Telenet (Belgium). In December 2017 Liberty spun-off its Latin American and Caribbean cable and wireless assets in an entity known as "LiLAC." Liberty continues to refine its portfolio, having sold its German operations to Vodafone and agreeing in May 2020 to contribute its U.K. business to a JV with Telefonica's O2 Wireless. These deals leave Liberty with ample liquidity to pursue share repurchases or strategic investments.
From Mario Gabelli (Trades, Portfolio)'s Gabelli Value 25 Fund second-quarter 2020 shareholder commentary.
