), a leading cable TV operator in Europe and Latin America, has
acquired the remaining 20% stake in VTR, the largest cable
operator in Chile.
The company purchased the outstanding shares of both VTR
GlobalCom SpA and VTR Wireless SpA from a subsidiary of Corp
Group Holding Inversiones Limitada after issuing 10.1 million of
its own Class C ordinary shares. The total consideration was
approximately $422 million.
Liberty Global is trying to extensively penetrate into the
European region with its bundled video, voice and Internet (data)
services. In Jan 2014, Bloomberg reported that the company may
consider a decision to spin off its Latin American
Liberty Global's Latin American operations include VTR
Internet and wireless businesses in Chile and its 60% share in
Liberty Cablevision of Puerto Rico.
Recently, Liberty Global terminated its negotiations to
acquire British IT group, Daisy. Daisy sells telecoms services
especially in the business-to-business segment. The deal was
annulled after Daisy demanded more than GBP 500 million, which
Liberty Global considered pricey.
Recently, Bloomberg also reported that Liberty Global intends
to establish a pan-European mobile virtual network operator
(MVNO) system to provide mobile phone services. MVNO is a company
which uses the established network infrastructure of an existing
wireless operator to offer its own services.
The service will be provided across Europe, especially in the
Netherlands, Belgium, Switzerland, Austria and the U.K.
Consequently, the company will become a competitor to major
wireless operators such as
Vodafone Group plc.
), Deutsche Telekom, Royal KPN N.V. and Belgacon.
Currently, Liberty Global is in the process of acquiringa 100%
stake in Ziggo N.V., the largest cable TV operator in the
Netherlands. At present, Liberty Global holds a 28.5% stake in
Ziggo. The deal is expected to close by the second half of 2014,
subject to regulatory approvals.
Liberty Global is also trying to acquire full control of
Belgian cable TV operator Telenet Group Holding NV. Currently,
the company holds a 58.4% stake in Telenet.
In Jun 2013, Liberty Global acquired a 100% stake in British
cable MSO Virgin Media. In the U.K., the merged entity poses a
serious competitive threat to British Sky Broadcasting Group plc
BT Group plc.
British Sky Broadcasting Group is the largest pay-TV operator
in the U.K. and is partially controlled by
). Currently, Liberty Global carries a Zacks Rank #3 (Hold).
BT GRP PLC-ADR (BT): Free Stock Analysis
LIBERTY GLBL-A (LBTYA): Free Stock Analysis
NEWS CORP NEW-A (NWSA): Free Stock Analysis
VODAFONE GP PLC (VOD): Free Stock Analysis
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