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General

Liberty Global to buy Cable & Wireless for GBP 3.5 bln

Tuesday 17 November 2015 | 08:38 CET | News
Liberty Global has offered to acquire UK-based telecoms group Cable & Wireless Communications (CWC) for GBP 3.5 billion in a bid to expand its Caribbean business. The announcement comes six months after Liberty Global's largest shareholder John Malone acquired a 13 percent stake in CWC following the UK group's EUR 1.85 billion acquisition of Columbus International. Last month the companies confirmed they had entered into talks about bringing together CWC's strong position in the Caribbean with Liberty's operations in Chile and Puerto Rico. The stock offer for CWC is valued at 78.04 pence per

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