Liberty Global completes takeover of Cablecom
The cable network operator Cablecom is now definitively in American hands.
The cable network operator Cablecom is now
definitely in American hands. The takeover of the whole
share capital has been issued, the US group Liberty Global announced in
in a press release. For around 2.8 billion Swiss francs, the
shares from the previous owners Apollo Management, Towerbrook
Capital Partners and partners from Goldman Sachs. Liberty
Global financed the purchase through a combination of around 1.2
billion US dollars from existing cash and cash equivalents and around 1
billion US dollars by issuing new bonds. With the
completed transaction, Liberty Global is expanding its European
activities for an important market, according to the press release
further. In terms of subscriber numbers, the company is now the
largest broadband network operator in eleven of its fourteen European
Markets.
definitely in American hands. The takeover of the whole
share capital has been issued, the US group Liberty Global announced in
in a press release. For around 2.8 billion Swiss francs, the
shares from the previous owners Apollo Management, Towerbrook
Capital Partners and partners from Goldman Sachs. Liberty
Global financed the purchase through a combination of around 1.2
billion US dollars from existing cash and cash equivalents and around 1
billion US dollars by issuing new bonds. With the
completed transaction, Liberty Global is expanding its European
activities for an important market, according to the press release
further. In terms of subscriber numbers, the company is now the
largest broadband network operator in eleven of its fourteen European
Markets.
