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Liberty’s loss is Vodafone’s gain, as results go in opposite directions

Liberty Global, now rooted in the UK, may be ruing the sale of its operations in four European countries to Vodafone, or at least its shareholders will be as respective quarterly results move in opposite directions. Liberty Global total revenue from continuing operations left over after the sale of the businesses in Germany, Hungary, Romania and the Czech Republic, were $2.84 billion for its Q3 ended 30 September, a year-on-year fall of 3.0%. Vodafone, by contrast, enjoyed an instant uptick from acquisition of those Liberty Global assets, reporting revenues up 0.4% year-on-year to €21.9 billion ($24.1 billion) for the first half year ending on the same day. Admittedly, this dichotomy was not a result of those transferred operations making all…

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