According to a recent Bloomberg report,
), a leading cable TV operator in Europe and Latin America, may
consider a decision to spin off its Latin American operations.
Liberty Global's Latin American operations include VTR Internet
and wireless businesses in Chile and its 60% share in Liberty
Cablevision of Puerto Rico.
Liberty Global is trying to extensively penetrate the European
region with its bundled video, voice and Internet (data)
services. The European markets are still relatively untapped for
this unique triple-play offering.
Currently, the company is negotiating to acquire full control
of Ziggo N.V., the largest cable MSO (multi service operator) in
Netherlands. At present, Liberty Global holds a 28.5% stake in
Ziggo. The financial terms on which the two entities are
currently negotiating for the remaining 71.5% stake of Ziggo are
yet to be disclosed. Ziggo competes with telecom operators such
as Royal KPN N.V. and
Vodafone Group plc.
Liberty Global has become the largest cable TV operator in
Germany after its acquisition of UnityMedia GmbHand Kabel
Baden-Wuerttemberg GmbH & Co KG. The company already has a
strong presence in the Dutch cable-TV market through its UPC
Broadband Holding BV unit, which is the second largest cable MSO
in the country. The company currently holds a 58.4% stake in the
Belgian cable TV operator Telenet Group Holding NV.
In Jun 2013, Liberty Global acquired a 100% stake in the
British cable MSO, Virgin Media. In the U.K., the merged entity
poses serious competitive threat to British Sky Broadcasting
Group plc and
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 #2 (Buy).
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