Windsor, Alberta 1/30/2010 12:10:00 AM
News / Business

Liberty Global Acquires German Cable Operator, Unitymedia

Liberty Global, Inc. (NASDAQ: LBTYA) has completed the previously announced agreement with Unity Media S.C.A. for the acquisition of all issued and outstanding capital stock of Unitymedia GmbH. Unitymedia is the second largest cable operator in Germany. The acquisition involves a total price of about €3.5 billion.

 

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Unitymedia's cable footprint passes about 8.8 million homes, and covers 10 of the 20 largest cities in Germany. As of September 30, 2009, Unitymedia reported about 6.4 million RGUs, including 4.5 million analog and digital basic cable subscribers and 1.9 million new service RGUs.

 

Liberty Global is the leading international cable operator offering advanced video, voice and broadband internet services to connect its customers to the world of entertainment, communications and information.

 

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