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LBTYA Liberty Global Ltd

14.28
0.52 (3.78%)
28 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Liberty Global Ltd NASDAQ:LBTYA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.52 3.78% 14.28 13.00 15.00 14.04 13.70 13.75 1,565,549 00:21:10

Telecom Operators Get $3.78 Billion Claim for End-of-Contract Overcharging

08/12/2023 7:04am

Dow Jones News


Liberty Global (NASDAQ:LBTYA)
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By Ian Walker

 

London-based law firm Charles Lyndon has started proceedings against Vodafone Group, EE, O2 and Three seeking 3 billion pounds ($3.78 billion) over claims the companies overcharged customers at the end of minimum service contracts.

The law firm said that the four companies didn't immediately terminate customers handset and airtime services contracts at the end of their minimum contractual terms.

"Essentially, it is claimed that customers' charges weren't reduced appropriately once their handsets had been paid for in full, causing those customers to suffer loss," Charles Lyndon said.

The claim is on behalf of between 2.3 million and 4.8 million contract customers.

Neither Vodafone Group, EE, O2 or Three were immediately available for comment when approached by Dow Jones Newswires.

O2, part of Virgin Media O2, is a 50:50 joint venture between Liberty Global and Telefonica. EE is part of BT Group, while Three is owned by CK Hutchison Holdings.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

December 08, 2023 01:49 ET (06:49 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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