re: Liberty Global (LBTYA) mentoned as a top pic by Scott Black of Delphi Mgmt. on a CNBC interview (available as a playback media) today by Brian Sullivan of CNBC.
Said that with the prospect of the US $ going higher (interest rate coming by the FED) & Europe growth accelerating, buy Liberty Global to cash in on this growth but do it in US$; so.... so goes Liberty Global surely SVC can just tag along.
Excerpt from latest NR from LBTYA board... "With the support of parent company
Liberty Global plc (“Liberty Global”) (Nasdaq: LBTYA, LBTYB, LBTYK), Virgin Media will extend its unrivalled fibre-rich network to approximately four million additional premises over the next five years. This will increase the number of homes and businesses to which Virgin Media can offer services by almost a third; from around half of the country today to nearly 17 million premises by 2020.
£3 billion for homes and businesses; £8 billion of value to the UK economy and consumers
The UK is the world’s most internet-based major economy (Source: Ofcom). Broadband infrastructure, and the services offered over it, will be increasingly central to the country’s growth over the coming decades.
The £3 billion of additional private investment announced today is essential for individuals and businesses to thrive in the global digital economy. This substantial investment will be financed mainly through incremental borrowings. Analysis undertaken by leading economic consultancy Oxera has found that this investment can be expected to stimulate a combined £8 billion of economic activity and consumer benefit."
Also LBTYA is just wrapping up its takeover of Ziggo the Netherlands cable provider.
More nfo about Ziggo....
"Ziggo is a Dutch provider of entertainment, information and communication through television, internet and telephony services. The company serves around 2.8 million households, with 2.0 million internet subscribers, over 2.3 million subscribers for digital television and 1.6 million telephony subscribers. Business-to-business subscribers use services such as data communication, telephony, television and internet. The company owns a next-generation network capable of providing the bandwidth required for all future services currently foreseen."
All these additional services need to be 'accounted for/paid for' if you know what I mean & that is SVC's forte.
carlos