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General

Liberty Global closes USD 7.4 bln Cable & Wireless buy

Tuesday 17 May 2016 | 09:39 CET | News
Liberty Global announced that it has closed the acquisition of UK-based telecoms group Cable & Wireless Communications (CWC) for a total of around USD 7.4 billion. The company confirmed that the CWC business will now fall under its Latin American and Caribbean group, or LiLAC as it is known, creating a combined business serving 10 million customers in more than 20 countries and generating expected revenue of USD 3.5 billion a year. Liberty Global CEO Mike Fries hailed the announcement as "a big moment", adding that "we are joining two high-growth businesses in a region that is both

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Categories: General
Companies: Cable & Wireless Communications / Liberty Global
Countries: Caribbean / Latin America
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