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Liberty Global 2015 Results - 16 Feb
Liberty Global plc today announced plans to release its 2015 results before its Investor Call, which will happen on Tuesday, February 16, 2016.
http://www.libertyglobal.com/pdf/pre...Dial-FINAL.pdf |
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02/16/2016 Q4 2015 Liberty Global plc Earnings Conference Call
http://edge.media-server.com/m/p/5aitzjux |
Re: Liberty Global 2015 Results - 16 Feb
I'm looking forward to someone giving the breakdown so I don't have to read it.
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Re: Liberty Global 2015 Results - 16 Feb
Liberty Global 2015 results announced.
http://www.libertyglobal.com/pdf/pre...4-15-FINAL.pdf Liberty Global and Vodafone to merge their Dutch operations. http://www.libertyglobal.com/pdf/pre...ions-FINAL.pdf |
Re: Liberty Global 2015 Results - 16 Feb
Virgin Media confirmed it has also seen “elevated TV churn” following its decision to hike up TV prices in the previous quarter.
http://www.seenit.co.uk/virgin-media...g-tv-sign-ups/ Well if you up your TV prices and customers get nothing in return then one suspects they will start to lose TV customers in the near future unless they get their finger out rather quickly. |
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One would be pretty sure that the many customers who do not want BT Sport would be of a different opinion as they have seen nothing new apart from their price rises and would rather have the money off their packages or something far more tangible in return one suspects.
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Elevated churn and only 900 new TV customers in Q4 2015 - ouch! :tiptoe:
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This is why they are probably throwing out existing package deals atm so you don't leave them.
I noticed I'm on a new 18month contract with a 9 month discount. the lady on the phone said to me call back in 9 months and well sort you another deal when this one runs out so we'll see. |
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If I were VM, I would do what the competitors can't, which is raise broadband speeds so far above the competition, it puts clear blue water between VM and the rest. Even if the lowest tier package was 100mb, that is still faster than what the others can offer through their highest tiers. |
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The V+ had an extra tuner to Sky+ and Tivo had three recordable tuners and bags more functionality than Sky+ |
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....if you're happy with their tv service, that's good. I'm not and clearly by their falling tv numbers, I'm not the only one.
Any while I'm in moan mode, what does this mean from their 1st page of results?: "Delivered 6% Rebased Segment OCF Growth in 2015, with 7% in Q4" Sounds like jargon just to mask their bad results. A rebased segment sounds like something a builder might use! |
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I don't use VM's TV services. I use a combination of Freeview and Streaming services. M TV gives me almost all the Freeview channels (and those that it doesn't, I don't miss) and in my view, Tivo is by far the best PVR for viewing those channels. And, because I have a VM phone line, Tivo is free. |
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I know what you was referring to.
I've had a long history on here of being critical of VM, especially their tv service and especially their stbs. You find them good, that's fine. I don't and the fact that VM's tv numbers are falling suggests there must some reason for this. Perhaps its just more people using Freeview and streaming. But Sky aren't having these problems - yet. |
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were**
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Still looks rather poor compared to the 146,000 new TV customers Sky signed up in their last quarter though.
https://corporate.sky.com/documents/...ss-release.pdf |
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Indeed it is but Sky has a awful lot of cash to throw away to attract new customers..
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2015 TV Customers: 3,727,000 |
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If those figures are true then Virgin seriously need to pull their socks up to attract more TV customers to their platform in my opinion.
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Maybe there is no longer any business case for Liberty Global investing seriously in TV in the UK?
In Freeview this country has a free, high quality TV distribution system which some other territories do not, so you're not forced down the cable route here. The free-to-air channels from the BBC, ITV, Channel 4 and Five are still where the biggest audiences are and most people still prefer local programming. On-demand from them is also available free - and now comes on most TVs too. In the pay TV market, Sky have caught Virgin in a pincer movement between a budget Now TV (which Virgin probably can't match on wholesale price from Sky) and the top-end Sky Q (which those who want to personally own the best hardware will always choose over cable, no matter how good any new TiVo is). The market for Virgin between them is shrinking too. New entrants from the paid streaming services are going all out for market share by providing a premium quality experience at a budget price that is subsidised by venture capital funds or other parts of their business. Long term probably only Sky is capable of standing up to the US tech heavyweights. Finally, the most attractive content (sport, movies, quality drama) is already tied up in long term deals elsewhere so Virgin have no route by offering exclusives either. Under those circumstances doing all except the minimum needed to milk the existing customer base while it's still viable could be seen as foolhardy. Much better to focus on broadband as the cash cow - especially as here only four companies now control over 90% of the market and one of them probably won't survive much longer. |
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http://dtg.org.uk/news/news.html?id=3745 2010 TV Customers: 3,729,600 They've gone nowhere over the past 6 years! Quote:
TiVo - Possibly the best PVR on the British market over the past 5 years BT Sports for "free" in XL package Virgin TV Anywhere Added SKY Sports and SKY Movies in HD Expanded their on demand content including SKY Movies on demand The first pay TV provider to offer Netflix on the platform Doubled their HD channel line-up Virgin have done their best to try and keep up with other TV providers. I honestly can't see adding things like SKY Atlantic, missing HD channels and freeview channels making any real difference at all. There's clearly some other issue. Prices too high? TV packages not attractive? Complete saturation in cabled areas? TalkTalk, BT and SKY have each added over a million new customers during the same period. Will a new TiVo box later this year change anything? The last 6 years suggest no. The sooner Virgin can make their services available in new areas the better. This is the only way I can see them growing their TV numbers. |
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I don't find sky any cheaper really when I looked at sky comparing my package to get the same with them minus the BB which they only did 76mb I think the price turned out to be about £5 cheaper a month.
However on top of this there was a £30 installation fee plus a few £££ for a sky box so would have worked out a lot more in the end. The only downside with VM is the 2 or 3 times a year price rises offsetting line rental as an excuse for gaining more money and put the price up again 6 months later because they might have added sky 1 +1 to the package. Toppled with the fact the Tivo boxes are so slow at doing anything which I thought they might have done something about that now seen as they can release new modems every year or 2 but can't updated their tv boxes. You know what the problem is people are getting streaming boxes these days legit ones and not so legit ones |
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We did have a pretty serious recession and there has been no increase in incomes for 11 years while house prices and rents have gone up massively. I assume people setting up homes for the first time are a big chunk of new customers and with little spare cash basic broadband plus a Netflix and / or a Now TV sub is rather more attractive. Most of Sky's 146,000 new customers in the last quarter were for Now TV or lower packages and the company's average revenue per user is also flat. |
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Which is a game that TalkTalk now play. A few months back they sent me a TV box, completely unsolicited. I haven't even opened the package. Last week while haggling with their Sales team I told them I didn't want it, and they've sent me a letter basically saying how disappointed they are (and hints that I might get an early-disconnect fee in my next bill. We shall see) |
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Is Virgin Media just managing decline in its TV customer base?.
http://www.seenit.co.uk/virgin-media...aging-decline/ |
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For the 3 months ended December 2015, they grew their numbers by 900 as compared to the previous quarter, so technically it's not a lie. But comparing the quarter ending December 2015 with the quarter ending 2014 shows their numbers are dropping. Similar tactics are happening with the US cablecos. THey are losing tv customers due to cord cutting. I'd suggest VM's numbers are the beginning of this trend and will further drop year-on-year allowing for variations between quarters. The whole problem with UK cable tv throughout its history is that Sky has always been better and now with cord cutting beginning, VM's tv business will come under further pressure, I believe. |
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The firm said the price rise “was implemented to recoup a portion of our investment in BT Sport Europe”. Virgin added the channel, which has exclusive rights to the Champions and Europa leagues, to its top-tier XL channel pack alongside a £3 per month price hike.
This was taken from VM press release on Liberty. Its a damn disgrace, that VM were saying that BT Sport was FREE. Yet again VM have conned the customer |
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Nothing is ever free even when they say it is free Arthur..
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Not really its still cheaper than paying extra for it on Sky ;)
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I don't really watch it very often but will sometimes watch a game.
I am just happy it is there if I want it and don't have to pay extra for it. |
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I wonder if it's just a sign of declining TV use in general. Netflix all the way.
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John Malone has always stated he wants content. He owns lots of stuff and he may go after a major film studio and/or channels like AMC. Until he's worked out what he wants, the tv side of things will suffer in the UK until his US interests are all sorted out. Quote:
I don't think Now TV is just a defensive move by Sky though to protect its pay tv business by sucking up customers who can't afford pay tv but can afford a little more than Freeeview, but an offensive one. I think Now TV is the prelude to a full blown cable/IPTV service from Sky. The pincer movement you speak of, is between Sky and BT squeezing VM's business. VM has been a unified company for ten years now but has squandered the time, allowing BT to grow a pay tv business from scratch. Quote:
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VM still has a major advantage over BT and Sky. It has a cable tv network. Ducts are already under pavements with cable in them and there's a lot VM can do with that cable. Whereas BT and others need to put in substantial amounts of cash to match VM's current capabilities, let alone future ones. But, do VM take advantage of this? No! By now VM's minimum speeds should be above 100mb to completely trounce FTTC speeds, but they haven't done it. You may be right about there being a casualty in the broadband market. All the companies will certainly all be quad play: tv, phone, internet and mobile. I think its almost certain Sky and BT will be there, but we'll see what happens with the others. ---------- Post added at 21:22 ---------- Previous post was at 21:16 ---------- Quote:
Sluggish stbs, Indian call centres and constant price rises don't help either. ---------- Post added at 21:28 ---------- Previous post was at 21:22 ---------- Quote:
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Not really, price rises happen so I am not really angry or outraged TBH.....
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I reckon that things will get worse for Virgin because of their price increase in February which is almost an extra £46ish a year people have to pay out for a 50 meg increase in broadband speed.
You may get a loyality bonus but what is loyality without such things as upgrading for your loyal customers with new gear now and then at no extra charge, for some of us with have been using the crapy Hub 1 for some time now. Technology is fast moving and if companies hang on and supply outdated equipment than people will jump ship to another company. |
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price increase last year for bt sport, price increase this year, people are cutting back just like my self i decided to after many years, as for the future of virgin media tv side a new tivo box is not going to help ( my opinion ) vm tv deeply in trouble !
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The majority of people taking FTTC are on 40Mb. The majority on BT's FTTP network take 40Mb. People in the UK on the whole don't like paying much, if anything, for broadband. Speed at the high end wins some nerds. At the low end it achieves far less than more competitive pricing does in terms of sales. |
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Only one of those I paid p&p of £6.99 I think. The rest were FREE. ---------- Post added at 03:03 ---------- Previous post was at 02:11 ---------- Quote:
Sky added 737,000 subscribers in the 4th quarter of 2015, to total 26 million across all regions. In comparison, Netflix added 5.59 million subscribers to total over 75 million across all regions, with 4 million of those in Europe. That's not including the bump in new customers that Netflix will get from the expansion into 130 new countries. Projections for new customers this quarter are another 6 million! So no competition then? http://www.theverge.com/2016/1/19/10...-2015-earnings https://corporate.sky.com/documents/...esentation.pdf http://www.bbc.co.uk/news/business-35436405 |
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Do that maths, ---------- Post added at 17:40 ---------- Previous post was at 17:39 ---------- Quote:
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The market is more competitive and more and more people are interested less and less in linear TV.
VM have broadband to rely on, Sky however do not so have no choice but to throw money at their TV product. The alternatives are to build their own network or bum more control over BT's from Ofcom. They're definitely doing their utmost on the second one and have made noises about the first but don't really have the dollars to do so. |
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Yes if Sky wanted to build their own network it would cost a pretty penny or two that's for sure.
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I have no problem with how VM upgrade CPE but you can't reasonably use your own experiences as a baseline. |
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I referred to Sky's lobbying to try and get more control over Openreach's network quite specifically. They pay for access, and constantly try and get more control and access for less money through lobbying and repetitive, rather dull, PR campaigns to try and paint BT as evil because they won't give them everything they want. Quote:
The irony of Sky complaining about someone else's control over a market is delightful. |
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Quote - BT has spent £55 billion on infrastructure and paid £40 billion in taxes since privatisation. |
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Which is a fraction of what it would cost to create BT's network. Not forgetting the amount it has received in grants. |
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We, although I prefer to be referred to in the singular, aren't ignoring it. If you'd read my blog you may note I quote a figure for the amount Openreach have received as part of the BDUK scheme. About £700 million so far. The total is going to be less than £1.7 billion when all is said and done. That was the maximum and funds are being handed back due to take-up. You may want to look into what gap funding is. As take up is exceeding predictions it's shrinking the gap between BT's normal commercial case and the intervention areas, hence smaller gaps to be filled with state funding between commercial and intervention areas and BT handing some of the subsidy back. £129 million so far. ---------- Post added at 00:05 ---------- Previous post was at 00:03 ---------- Quote:
It's certainly not a fraction of what it'd cost to create BT's network. That VM can build to 4 million premises, 15% of the UK, for £3 billion should give you an idea of how ridiculous the suggestion that £55 billion is a fraction of what would be needed for universal FTTP, or at least coverage matching the current copper network's conditions, in the UK is. The Analysys Mason paper is if anything quite out of date given modern construction techniques. Those interested could probably pass 80% of the UK's premises for less than £8 billion, from scratch, now. Excuse my bringing facts and properly researched analysis into the discussion. |
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An I feel sorry for you if you genuinely believe £8billion would create the current BT/OR network from scratch. |
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If I could be bothered to research (an interesting pastime you should try sometime) I'd probably also find neither NTL or TW built much of the network themselves - rather they bought up smaller franchise's and consolidated. Cheers Grim |
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It was also Telewest that bought NTL and before it became VM it was known as NTL:Teleweest for a while. While NTL did build they did also buy a LOT of smaller cable companies over the years. |
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The 80% was a typo, though. Hit 8 instead of 5 on the number pad. Neither did you note that I said 'VM can build' not 'VM did build'. Project Lightning. Been on a few websites. |
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Nodal build for all companies that eventually became Virgin Media stopped pretty much by 2000/2001. Of course there were bits and pieces here and there but, the main build stopped when the Dot Com bubble popped. It had actually started to slow down prior to that. The original cables companies had saddled themselves with lots of debt building the networks, they weren't making much money, and therefore they were easily bought on the cheap. However, you also bought the debt they came with which is why NTL and Telewest got into trouble and both went into Ch.11. Telewest might have undertaken some build under the Telewest name but that would only have been the old Cable North West franchises which they acquired in 1995. Telewest as they were premerger with NTL didn't come into being until around 2000/2001 after they acquired General Cable and Eurobell just before the Poop hit the fan. It wasn't a take over by either company, that's maybe how it looked on paper but it was a merger, as the major shareholder in both companies was the same guy William Huff. anyway that's it for the history. |
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An if you knew if you were on Langley or Bromley you were a nerd. |
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And when will you realise that there is a D on the end of AN in the context that you use the word. |
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Telewest was Knowsley. ---------- Post added at 21:27 ---------- Previous post was at 21:16 ---------- Quote:
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Top debate, lads. |
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In the name of peace I'll click the magic ignore button on him and his white knight. :tu: |
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