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Liberty and Vodafone have contrasting quarters after asset transfer

Liberty Global, now firmly rooted in the UK, may be regretting the sale of its operations in four other European countries to Vodafone – or at least its shareholders will be, as the two firms’quarterly results move in opposite directions. Liberty Global’s total revenue from continuing operations – left over after the sale of the businesses in Germany, Hungary, Romania and the Czech Republic – were $2.84bn for its third quarter, a year-on-year fall of 3%. Vodafone, by contrast, enjoyed an instant uptick from acquisition of those Liberty Global assets, reporting revenues up 0.4% year-on-year to €21.9bn ($24.1bn) for the first half of the fiscal year. This was not all just about asset transfer. Compounding the contrast in fortunes, some…

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