Posts tagged ‘mike fries liberty global’

Video: Liberty Global to move forwards with mobile plans #CC2013

Mike friesLiberty Global’s plan to roll out a more advanced mobile product in many markets in Europe later this year will allow it to meet demand from a number of its customers for a single bundle from one provider, according to Mike Fries, president and CEO of Liberty Global.

“It’s really a complementary product to our core fixed products and allows us to satisfy certain of our consumers’ needs who want a bundled product…from one provider,” he told DTVE in a video interview at Cable Congress last week.

“We’ve had great success in Belgium and Chile [with mobile] and have a million mobile customers today and Virgin Media has three million mobile customers. Together we’ve got a strong experience base to inch our way into the mobile business cost-effectively and productively and give those consumers who want it a broader experience than us.”

Addressing questions about the rationale for Liberty Global’s acquisition of Virgin Media, Fries said there were both revenue and cost synergies between Liberty Global and Virgin Media, as both buy equipment and content from the same companies.

“We’re in the same business, so I think the synergies are potentially large, and the revenue synergies are large too because they can learn from us and we can learn from them,” said Fries. “We’re in the business of building scale and being more efficient with our balance sheet. There are lots of opportunities there. There are benefits of being bigger, including dealing with regulators,” he said.

He said Liberty Global could benefit from Virgin Media’s experience in business-to-business services and from its wireless experience.

Record-Breaking Results for Cable Congress 2013

Record-Breaking Results in 2013

This year Cable Congress welcomed over 850 senior-ranking attendees from 39 countries.

The high quality of attendees reflected a broad cross section of the industry, with 29% of delegates representing cable operators and service providers, 27% equipment and set top box vendors, 13% content providers. View the full attendee breakdown here.

Cable Congress 2013 came at a time of great activity within the sector and in a city where technology, media and entertainment are leading globally.

Both, Michael T. Fries, President and CEO of Liberty Global, and Neil Berkett, CEO of Virgin Media appeared at the event to talk about their views on the industry and the recently announced merger of the two businesses. Mike Fries, CEO of Liberty Global, told CNBC about plans to enter one of the most competitive and dynamic markets in Europe in an exclusive broadcast interview.

Cable Europe announced fresh data from IHS Screen Digest that showed 5.5% top-line revenue growth across Europe, representing nearly €1bn in new revenues for 2012.

The upward trend is explained by a shift towards digital for customers increasingly relying on the high speed fibre-rich broadband connections for which cable is known as well as the trend of increasingly accessing video content over cable’s high performance telecom networks. Guy Bisson, Research Director at IHS Screen Digest, broke down latest figures and leading trends in cable industry during a CNBC interview and explained why cable providers are extremely well-positioned to capitalize as the industry moves towards content provided over the internet.

For the Cable Congress TV’s executive speaker interviews conducted by Digital TV Europe, visit the event website.

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Cable Industry Looks Forward as 2013 Cable Congress Concludes On High Note

NEWS RELEASE

Cable Industry Looks Forward as 2013 Cable Congress Concludes On High Note

(Brussels, 8 March) After three days of debate and discussion on the future of the cable industry, Cable Congress 2013 concluded yesterday in London by sending a strong signal to operators and partners, competitors, investors, policymakers, regulators and consumers that the best is yet to come.

This year’s Cable Congress came at a time of great activity within the sector and in a city where technology, media and entertainment are leading globally. Both, Michael T. Fries, President and CEO of Liberty Global, and Neil Berkett, CEO of Virgin Media appeared at the event to talk about their respective views on the industry and the recently announced merger of the two businesses. The week began by celebrating another strong year for cable at year-end 2012, with continued strong growth in the core lines of business and an unmistakable tipping point into the digital interactive television universe. As Europe experiences an economic downturn, the health of the industry was a frequently mentioned bright spot, as operators in even the hardest hit countries such as ONO in Spain and ZON in Portugal continue to grow and invest.

Manuel Kohnstamm, President of Cable Europe, commented: “The key takeaway is that our markets are irresistibly moving to greater and greater convergence. Cable’s drive to innovate, change and adapt, to consolidate will create significant value to society and a rich and rewarding experience to the consumer. Regulators must recognize this and take a forward-looking analysis of our fast-moving industry. The European communications industry remains fragmented and will need more transnational and national mergers and acquisitions to stand its ground.”

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Cable CEOs: 50 Years of History and Strong Future

NEWS RELEASE

Cable CEOs: 50 Years of History and Strong Future

(London, 6 March 2013) Day 1 of Cable Congress ended with a bang as CNN Presenter Becky Anderson interviewed Michael T. Fries, President and CEO of Liberty Global live on stage with questions taken from a packed conference room in London. The hot topic was of course the recently announced acquisition of Virgin Media by Liberty Global, but further than this, Fries and Anderson discussed growth drivers and challenges for the cable market in.

On timing and rationale for the Virgin Media acquisition Fries said: “Virgin Media has terrific broadband coverage in the [UK] market, they have great assets, a great brand and an extremely competent management team in a relatively rational market – we think it is a good time to be in this market.”

Mike went on to discuss the increasingly important role that mobile is playing: “Everyone in this market needs a mobile strategy. We have taken a modest approach to mobile, but this is changing. Having a quad play option is now an important piece of the puzzle.”

The afternoon was framed by Virgin Media and Liberty Global, as earlier Neil Berkett, CEO of Virgin Media, took to the stage to deliver the second keynote speech of the day. Echoing Ed Vaizey’s comments from yesterday morning, Berkett noted: “The tie up of [Virgin Media] with Liberty Global will put cable on a stronger footing, placing greater strategic importance on infrastructure and helping to accelerate Europe’s digital future.”

Fries and Berkett also both placed emphasis on the prospects for cable’s future. Both agreed that the cable industry has been around for 50 years and it will be around for many more to come. Berkett suggested that “Superfast communications are as indispensable to national success now and in the future as the canals and railways were in the past. It’s for this reason that in the UK, despite the tough times our economy has been through, the cable sector has not just avoided recession, it has grown: more customers, more services, more jobs. It just goes to show digital makes good things happen.”

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