Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 0

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1
Chunk 0
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Item 1.  BUSINESS

Who We Are

We are Liberty Global Ltd. (formerly Liberty Global plc) (Liberty Global), a dynamic team of operators and investors generating and delivering shareholder value through the strategic management of three platforms — Liberty Telecom, Liberty Growth and Liberty Services.

Through Liberty Telecom, we have built fixed mobile convergence (FMC) national champions that deliver market-leading connectivity and entertainment products through next-generation networks, providing approximately 80 million connections (at December 31, 2024) through some of Europe’s best-known consumer brands. We are pursuing strategies in each market to drive commercial momentum, finance and monetize network infrastructure, and pursue accretive transactions to deliver value to our shareholders.   

Liberty Growth invests, grows and rotates capital into scalable businesses across the technology, media/content, sports and infrastructure industries that we believe create unique opportunities to generate shareholder value. As of December 31, 2024, Liberty Growth holds investments valued at $3.1 billion in approximately 70 companies and funds, including stakes in ITV plc (ITV), Televisa Univision, Inc. (Televisa Univision), Plume Design, Inc. (Plume), EdgeConneX, Inc. (EdgeConneX) and AE Group Sàrl (AtlasEdge), as well as our controlling interest in Formula E Holdings Ltd. (Formula E). 

Liberty Services offers innovative technology and finance service platforms that capitalize on our scale, best practices and expertise. Liberty Services currently generates most of its revenue from certain of our affiliates and related parties, however, it is focused on growing its unique scaled-based services to third parties. 

Primary Business Operations:

BrandEntityLocationOwnership(1)TelenetBelgium 100.0%Virgin MediaIreland100.0%UPC SlovakiaSlovakia100.0%Virgin Media O2United Kingdom50.0%VodafoneZiggoNetherlands50.0%

(1)As of December 31, 2024.

I-1

General Development of Business

As a result of a series of mergers that were completed on June 7, 2013, Liberty Global plc became the publicly-held parent company of the successors by merger of Liberty Global, Inc. (the predecessor to Liberty Global plc) and Virgin Media Inc. (Virgin Media). On November 23, 2023, Liberty Global plc completed a statutory scheme of arrangement, pursuant to which a new Bermudan company, Liberty Global Ltd.,