2023-04-16 22:04:43 ET
Summary
- Growth long-term will come from 5G and Fibre investments.
- Liberty's strategic investments are hidden assets which have the potential to generate impressive one-off returns.
- ARPU and volume data suggest the business is facing short-term issues due to current economic conditions.
- Liberty performs well relative to peers but is forecasted to decline in the coming year.
- Liberty is valued in line with the market, which is a reasonable view given the number of risks we have identified.
For further details see:
Liberty Global: Many Risks For Limited Upside