LBTYB - Liberty Global: European Telecoms Assets On Sale
2024-01-24 00:11:00 ET
Summary
- Liberty Global shares have had a relatively subdued past 12 months, underperforming U.S. telecoms peers in the process.
- Liberty's European telecoms businesses are facing a tough operating environment, shedding fixed-line subscribers while inflation weighs on margins.
- These shares look deeply undervalued on a rough sum-of-the-parts basis, with the market's implied multiple for the telecoms businesses representing a noticeable discount to comparable peers.
Despite rebounding sharply over the past few weeks, shares of Liberty Global ( LBTYA ) ( LBTYK ) ( LBTYB ) have had a pretty lackluster 12 months, losing around 10% of their value and underperforming U.S. telecoms ( IYZ ) by a decent margin in that time....
Liberty Global: European Telecoms Assets On Sale