Latest news with #LibertyGlobal
Yahoo
3 hours ago
- Automotive
- Yahoo
Believ secures £300m investment to add 30,000 UK public EV charge points
Believ, an electric vehicle (EV) charge point operator, has received an investment of £300m ($406.8m), aimed at expanding the UK's public EV charging infrastructure. This move is set to add at least 30,000 new charge points across the country, enhancing drivers' access to public EV charging facilities. The investment is spearheaded by Believ's joint owners, Liberty Global and Zouk Capital, a private equity investor in EV charging, in conjunction with four major banks—Santander, ABN Amro, NatWest, and MUFG. This financial boost is a strategic move to support the UK government's goal of reaching 300,000 public charge points by 2030, a substantial increase from the current figure of over 80,000. Believ chairman Jonathan Pearson and Liberty Global's Liberty Growth CFO said: 'The funding announced today demonstrates the potential of partnering with the public sector in the UK to create the critical EV charging infrastructure required for a greener future. "With Virgin Media O2 on board as a delivery partner and leveraging Liberty Global's financing expertise, we look forward to Believ rolling out much-needed EV charge points throughout the UK.' Believ is set to partner with public and private sector entities to ensure the optimal placement and implementation of charging solutions. The investment is expected to benefit local communities by promoting EV adoption, thereby improving air quality and reducing transport-related carbon emissions. The UK government has committed £2.3bn to support the industry and drivers in the transition to EVs, with a £200m budget allocated for public charging expansion and a dedicated Local Electric Vehicle Infrastructure (LEVI) Fund of £381m for local authorities in England. UK Minister for the Future of Roads at the Department of Transport MP Lilian Greenwood added: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. Believ's investment is a brilliant vote of confidence in the transition to electric and another fantastic example of Government and industry working together to roll out tens of thousands of chargepoints across the country. 'We're delivering our Plan for Change by investing over £2.3bn to help industry and consumers make a supported switch to EVs, alongside securing international trade deals and backing British carmakers to drive investment, protect jobs and put money in the pockets of working people.' A significant portion of Believ's investment will focus on on-street residential charging points, aiding drivers without private parking facilities in their switch to EVs. Additionally, funds will be directed towards establishing rapid and ultra-rapid charging hubs, as well as enhancing infrastructure in rural and underserved areas. "Believ secures £300m investment to add 30,000 UK public EV charge points" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Automotive
- Yahoo
‘Cable cowboy' to put 30,000 EV chargers on Britain's roads
'Cable cowboy' John Malone is bankrolling a deal to put 30,000 new electric vehicle (EV) chargers on Britain's roads. Liberty Global, which is controlled by the US billionaire, is spearheading a £300m investment in charge point operator Believ that will improve public access to chargers across the UK. The deal will deliver a major boost to the expansion of the UK's public charging network, which is a crucial factor in persuading drivers to switch to EVs. The Government has set a target of reaching 300,000 public charge points by the end of the decade, but drivers currently only have access to around 80,000. Believ will partner with both public and private sector organisations to roll out the new chargers where they are needed most. Most of the investment will go towards on-street, residential locations to help drivers without off-street parking transition to EVs. Funding will also be allocated to rapid and ultra-rapid charging hubs, as well as rural locations. Denver-based Liberty Global is controlled by Mr Malone, a Trump-supporting billionaire who is one of the largest individual landowners in the US. The 84-year-old holds a number of US media and entertainment assets, including Formula One. He is also a shareholder and board member at Warner Bros Discovery. An aggressive dealmaker, Mr Malone's holdings in paid TV and telecoms have earned him the nickname the 'cable cowboy'. Expansion into EV charging represents a new market for Mr Malone but builds on his other business interests. Believ partners with Virgin Media O2, which is also jointly owned by Liberty Global, to deploy its charging infrastructure. Guy Bartlett, the chief executive of Believ, said the funding 'recognises the scale of investment required and the urgency of the need'. He added: 'Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground.' Figures published this week by the Society of Motor Manufacturers and Traders (SMMT) showed that one in five new cars sold in Britain were battery-powered. Sales have been boosted by heavy discounting, but a rise in EV chargers is also starting to pay off. A record of nearly 3,000 charging devices were added to Britain's roads in April, equivalent to one every 29 minutes. Lilian Greenwood, the roads minister, said: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. 'Believ's investment is a brilliant vote of confidence in the transition to electric and another fantastic example of Government and industry working together to roll out tens of thousands of charge points across the country.' In addition to private funding, the Government has pledged £2.3bn to support the switch to EVs, with a £200m budget to help expand public charging and a dedicated £381m fund for local authorities. Zouk Capital, the private equity firm that jointly owns Believ alongside Liberty Global, is also contributing to the funding, alongside banks Santander, ABN Amro, NatWest and MUFG. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
4 days ago
- Automotive
- Yahoo
‘Cable cowboy' to put 30,000 EV chargers on Britain's roads
'Cable cowboy' John Malone is bankrolling a deal to put 30,000 new electric vehicle (EV) chargers on Britain's roads. Liberty Global, which is controlled by the US billionaire, is spearheading a £300m investment in charge point operator Believ that will improve public access to chargers across the UK. The deal will deliver a major boost to the expansion of the UK's public charging network, which is a crucial factor in persuading drivers to switch to EVs. The Government has set a target of reaching 300,000 public charge points by the end of the decade, but drivers currently only have access to around 80,000. Believ will partner with both public and private sector organisations to roll out the new chargers where they are needed most. Most of the investment will go towards on-street, residential locations to help drivers without off-street parking transition to EVs. Funding will also be allocated to rapid and ultra-rapid charging hubs, as well as rural locations. Denver-based Liberty Global is controlled by Mr Malone, a Trump-supporting billionaire who is one of the largest individual landowners in the US. The 84-year-old holds a number of US media and entertainment assets, including Formula One. He is also a shareholder and board member at Warner Bros Discovery. An aggressive dealmaker, Mr Malone's holdings in paid TV and telecoms have earned him the nickname the 'cable cowboy'. Expansion into EV charging represents a new market for Mr Malone but builds on his other business interests. Believ partners with Virgin Media O2, which is also jointly owned by Liberty Global, to deploy its charging infrastructure. Guy Bartlett, the chief executive of Believ, said the funding 'recognises the scale of investment required and the urgency of the need'. He added: 'Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground.' Figures published this week by the Society of Motor Manufacturers and Traders (SMMT) showed that one in five new cars sold in Britain were battery-powered. Sales have been boosted by heavy discounting, but a rise in EV chargers is also starting to pay off. A record of nearly 3,000 charging devices were added to Britain's roads in April, equivalent to one every 29 minutes. Lilian Greenwood, the roads minister, said: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. 'Believ's investment is a brilliant vote of confidence in the transition to electric and another fantastic example of Government and industry working together to roll out tens of thousands of charge points across the country.' In addition to private funding, the Government has pledged £2.3bn to support the switch to EVs, with a £200m budget to help expand public charging and a dedicated £381m fund for local authorities. Zouk Capital, the private equity firm that jointly owns Believ alongside Liberty Global, is also contributing to the funding, alongside banks Santander, ABN Amro, NatWest and MUFG. Sign in to access your portfolio
Telegraph
4 days ago
- Automotive
- Telegraph
‘Cable cowboy' to put 30,000 EV chargers on Britain's roads
'Cable cowboy' John Malone is bankrolling a deal to put 30,000 new electric vehicle (EV) chargers on Britain's roads. Liberty Global, which is controlled by the US billionaire, is spearheading a £300m investment in charge point operator Believ that will improve public access to chargers across the UK. The deal will deliver a major boost to the expansion of the UK's public charging network, which is a crucial factor in persuading drivers to switch to EVs. The Government has set a target of reaching 300,000 public charge points by the end of the decade, but drivers currently only have access to around 80,000. Believ will partner with both public and private sector organisations to roll out the new chargers where they are needed most. Most of the investment will go towards on-street, residential locations to help drivers without off-street parking transition to EVs. Funding will also be allocated to rapid and ultra-rapid charging hubs, as well as rural locations. Denver-based Liberty Global is controlled by Mr Malone, a Trump-supporting billionaire who is one of the largest individual landowners in the US. The 84-year-old holds a number of US media and entertainment assets, including Formula One. He is also a shareholder and board member at Warner Bros Discovery. An aggressive dealmaker, Mr Malone's holdings in paid TV and telecoms have earned him the nickname the 'cable cowboy'. Expansion into EV charging represents a new market for Mr Malone but builds on his other business interests. Believ partners with Virgin Media O2, which is also jointly owned by Liberty Global, to deploy its charging infrastructure. Guy Bartlett, the chief executive of Believ, said the funding 'recognises the scale of investment required and the urgency of the need'. He added: 'Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground.' Figures published this week by the Society of Motor Manufacturers and Traders (SMMT) showed that one in five new cars sold in Britain were battery-powered. Sales have been boosted by heavy discounting, but a rise in EV chargers is also starting to pay off. A record of nearly 3,000 charging devices were added to Britain's roads in April, equivalent to one every 29 minutes. Lilian Greenwood, the roads minister, said: 'We're working hard to ensure all drivers can charge easily and conveniently – no matter where they are. 'Believ's investment is a brilliant vote of confidence in the transition to electric and another fantastic example of Government and industry working together to roll out tens of thousands of charge points across the country.' In addition to private funding, the Government has pledged £2.3bn to support the switch to EVs, with a £200m budget to help expand public charging and a dedicated £381m fund for local authorities. Zouk Capital, the private equity firm that jointly owns Believ alongside Liberty Global, is also contributing to the funding, alongside banks Santander, ABN Amro, NatWest and MUFG.
Business Wire
6 days ago
- Business
- Business Wire
Liberty Global to Present at the Bank of America C-Suite TMT Conference
DENVER, Colorado--(BUSINESS WIRE)--Liberty Global Ltd. ('Liberty Global') (NASDAQ: LBTYA, LBTYB and LBTYK) will be presenting at the Bank of America C-Suite TMT Conference on Tuesday, June 10, 2025, at 1:55 pm BST. Liberty Global may make observations concerning its historical operating performance and outlook. The presentation will be webcast live at We intend to archive the webcast under the Investor Relations section of our website for approximately 90 days. ABOUT LIBERTY GLOBAL Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is 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. Liberty Telecom is a world leader in converged broadband, video and mobile communications services, delivering next-generation products through advanced fiber and 5G networks. Liberty Telecom currently provides approximately 80 million* connections through some of Europe's best-known consumer brands, including Virgin Media O2 (VMO2) in the U.K., VodafoneZiggo in the Netherlands, Telenet in Belgium and Virgin Media in Ireland. With our substantial scale and commitment to innovation, we are building Tomorrow's Connections Today, investing in the infrastructure and platforms that empower our customers to make the most of the digital revolution, while deploying the advanced technologies that nations and economies need to thrive. Liberty Telecom's consolidated businesses generate annual revenue of approximately $3.6 billion, while the VMO2 JV and the VodafoneZiggo JV generate combined annual revenue of more than $18 billion.** Liberty Growth invests, grows and rotates capital into scalable businesses across the technology, media/content, sports and infrastructure industries with a portfolio of approximately 70 companies and various funds, including stakes in companies like ITV, Televisa Univision, Plume, EdgeConneX and AtlasEdge, as well as our controlling interest in the Formula E racing series. Liberty Services delivers innovative technology and finance services, generating approximately $600 million in revenue.*** Telenet, the VMO2 JV and the VodafoneZiggo JV deliver mobile services as mobile network operators. Virgin Media Ireland delivers mobile services as a mobile virtual network operator through third-party networks. Liberty Global Ltd. is listed on the Nasdaq Global Select Market under the symbols "LBTYA", "LBTYB" and "LBTYK". * Represents aggregate consolidated and 50% owned nonconsolidated fixed and mobile subscribers. Includes wholesale mobile connections of the VMO2 JV and B2B fixed subscribers of the VodafoneZiggo JV. ** Revenue figures above are provided based on full year 2024 Liberty Global consolidated results and the combined as reported full year 2024 results for the VodafoneZiggo JV and full year 2024 U.S. GAAP results for the VMO2 JV. ***Represents full year 2024 revenue of Liberty Services, substantially all of which is derived from our consolidated businesses and nonconsolidated JVs.
