On Friday, Shares of Liberty Global plc (NASDAQ:LBTYA), lost -3.24% to $50.41.
Liberty Global, declares financial and operating results for the three months ended March 31, 2015.
Operating and financial highlights:
Continued focus on high-value bundles offering superior broadband speeds, next-generation TV functionality, improved content and mobility
- Over 150,000 broadband additions and record quarter for Horizon TV growth in Q1
- Customer ARPU2 raised 5%3 year-over-year on an FX-neutral basis
- Organic RGU4 additions of 68,000 in Q1, principally influenced by higher video losses
- Underperformance in Germany, the Netherlands and Ireland drove majority of variance
- April RGU additions were back on track, with net adds running well ahead of April 2014
- Despite slow Q1, targeting over one million organic subscriber additions in 2015
- Revenue of $4.5 billion, reflecting rebased5 growth of 3%, up from 2% in Q1’14
- Q1 price enhances in 12 markets lay foundation for balanced growth in 2015
- Improved year-over-year rebased revenue growth in 5 of 7 Western European markets
- Continued strong rebased revenue growth for mobile and B2B
- Operating Cash Flow6 of $2.1 billion, representing 1% rebased growth
- Growth negatively influenced by favorable nonrecurring items in Q1 2014
- Operating income of $558 million, a decrease of 4% year-over-year
- Free Cash Flow (“FCF”)7 of $330 million, flat contrast to $336 million in Q1 2014
- Favorable capital market conditions improved already strong balance sheet
- Refinanced ~$6.5 billion in Q1 lowering fully-swapped borrowing cost to 5.4%
- Extended average tenor to nearly eight years, with over 90% due after 2019
- LiLAC tracking stock set to launch in early July.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
Shares of Ciena Corporation (NYSE:CIEN), gained 2.94% to $22.06, during its last trading session.
Ciena Corporation, and its president and CEO Gary B. Smith , together with Ontario Premier Kathleen Wynne , are happy to declare the establishment of a new corporate campus in Kanata North Business Park. The new location, at the corner of March Road and Terry Fox Drive, comprises an 18-year lease on one existing building and a 15-year lease on two additional buildings, which are set to see construction start this spring. Employees are predictable to start transitioning to the existing building later this year and the new buildings in 2017.
With state-of-the-art design, counting an advanced technology lab, the new campus will comprise about 425,000 sq. ft. of space. It will bring Ciena’s entire Ottawa team together in a single location that will serve as a centre of excellence for Ciena’s employees, customers and partners across Canada and worldwide.
With this move, Ciena builds on its technology leadership and innovation capabilities and reinforces the company’s growing commitment to Canada and ongoing contribution to the Ottawa economy.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide.
At the end of Friday’s trade, Shares of HCP, Inc. (NYSE:HCP), gained 1.48% to $39.82.
HCP, declared results for the quarter ended March 31, 2015.
NEW LIFE SCIENCE DEVELOPMENT AT THE COVE
In February 2015, the company began construction on the first phase, $177 million, of The Cove at Oyster Point, a life science development in South San Francisco, California. The first phase comprises two “class A” buildings totaling 253,000 sq. ft. that are predictable to be accomplished in the third quarter of 2016.
HC-ONE INVESTMENT IN U.K.
In February 2015, the company raised our U.K. HC-One debt investment (“HC-One Facility”) by £108 million to £502 million in conjunction with HC-One’s acquisition of Meridian Healthcare. The HC-One Facility is secured by 303 nursing and residential care homes representing over 13,900 beds in the U.K., primarily located in England and Scotland.
In April 2015, the company converted £174 million of its HC-One Facility to fee ownership in a portfolio of 36 care homes under long term triple-net leases that provide aggregate rent in the first year of £13 million. The contractual rent will enhance annually by the Retail Price Index (“RPI”) and will be reset to fair market rent at the end of lease years 15 and 25. The triple-net leases have initial terms of 30 years with lessee termination options at the end of lease years 15 and 25.
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry counting sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing. The fund also invests in mezzanine loans and other debt instruments.
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