Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 48

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1
Chunk 48
---
 available to third-party operators a bitstream offer of broadband internet access, including fixed voice. The Belgian NRA has also imposed monthly wholesale cable resale access prices. These rates are expected to evolve over time due to, among other reasons, broadband capacity usage.

The obligations on Telenet may strengthen its competitors by granting them access to Telenet’s fixed network to offer competing products and services, notwithstanding Telenet’s substantial investments in developing its high-performing fixed infrastructure. In addition, any access granted to competitors could (i) limit the bandwidth available to Telenet to provide new or expanded products and services to its customers and (ii) adversely impact Telenet’s ability to maintain or increase its revenue and cash flows. The extent of any such adverse impacts ultimately will be dependent on the degree to which competitors take 

I-26

advantage of the access to Telenet’s network, the rates that Telenet receives for such access and other competitive factors or market developments. 

Significant FMC Joint Venture Entities

United Kingdom

One Touch Switching. New U.K. rules relating to customer switching of fixed line services came into effect in September 2024. These rules enable customers to change providers by simply contacting their new chosen provider, who will manage the transition of service with the old provider. Refinement of the new processes is expected to continue into 2025, so we cannot be sure of the long-term effects of these new rules on the VMO2 JV.

Telecoms Access Review. Ofcom will commence a review of the wholesale broadband markets in 2025. This will set the regulatory rules in these markets for the five year period from April 2026, through which Ofcom will seek to design and impose regulatory remedies designed to incentivize competition. BT has previously been designated as having SMP, and any deregulation of BT’s SMP’s status may have an impact on the VMO2 JV’s operations as the challenger to BT.

Spectrum Annual License Fees (ALFs). Ofcom has proposed a revised approach to the calculation of ALFs for the 900MHz, 1800MHz and 2100MHz spectrum bands. Under the proposals, the total amount of ALFs paid by all mobile operators, including the VMO2 JV, would be reduced.

Netherlands

On July 10, 2023, the Netherlands’ NRA, the Autoriteit Consument & Markt (ACM), published a draft decision of its analysis of the wholesale fixed access market, concluding that there are five