Jim Ryan, SVP and CSO at Liberty Global, discusses M&A and consolidation in European telecoms and towers, Liberty’s capital allocation and portfolio strategy, and the network funding opportunities shaping future investment.

• Towers M&A and consolidation drivers – 00:36
• Liberty Global strategy and capital allocation – 01:32
• European connectivity opportunities – 02:27
• Portfolio focus after UPC Slovakia sale – 03:50
• Defining a “good exit” in smaller markets – 04:40
• Regulation and European consolidation – 05:41
• Funding network upgrades: opportunities and constraints – 07:25