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Stock impact report

InfraVia, Liberty Global and Telefónica acquire Substantial Group for £2 billion through their existing joint venture, nexfibre

Liberty Global plc - Class A Ordinary Shares (LBTYA) 
Last liberty global plc - class a ordinary shares earnings: 11/7 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: libertyglobal.com/ir.html
Company Research Source: Business Wire
Transaction unlocks £3.5 billion* in international investment, underlining confidence in UK economyAcquisition creates sustainable, scaled network competition and wholesale choice in the UKMillions of UK consumers to benefit from faster access to full-fibre broadband DENVER, Colorado--(BUSINESS WIRE)--InfraVia, Liberty Global (NASDAQ: LBTYA, LBTYB, and LBTYK) and Telefónica (TEF) have announced an agreement to acquire Substantial Group. Founded in 2019, Substantial Group, owned by investors Advencap, DigitalBridge and Soho Square Capital, is the UK’s second largest alternative fibre provider, expected to have more than 3.4 million fibre premises and over 500,000 customers by completion. The acquisition will be made by the parties’ joint venture company, nexfibre, and will unlock £3.5 billion of investment in the UK market.The combination of nexfibre, Substantial Group’s fibre network (Netomnia) and the customers on 2.1 million Virgin Media O2 premises (which will be upgraded to fib Show less Read more
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