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General

Liberty Global confirms Cable & Wireless takeover talks

Friday 23 October 2015 | 08:41 CET | News
Liberty Global has confirmed that it has entered into discussions regarding a possible cash-and-shares offer to take over UK-based telecoms group Cable & Wireless Communications (CWC). The two companies have been in talks for some time about bringing together CWC's strong position in the Caribbean with Liberty's operations in Chile and Puerto Rico, according to unnamed sources cited by the Financial Times. The sources added that negotiations have centred around a price of USD 5.5 billion, with Liberty also assuming CWC's net debt of around USD 2.6 billion. According to UK law, Liberty now has

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Categories: General
Companies: Cable & Wireless Communications / Cablevision / Liberty Global / Vodafone / VTR
Countries: World
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