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General

Liberty Global to distribute USD 5 bln in LiLAC shares

Monday 6 June 2016 | 08:53 CET | News
Cable group Liberty Global has announced a USD 5 billion distribution of 117.4 million Liberty Global Latin America and Caribbean ("LiLAC Group") ordinary shares on 01 July with a view to enhancing the group's trading liquidity. The LiLAC unit includes UK-based telecoms group Cable & Wireless Communications (CWC), which Liberty Global acquired for USD 7.4 billion last month, as well as the operators VTR in Chile and Cablevision in Puerto Rico. Liberty Global said the CWC acquisition created a combined business serving 10 million customers in more than 20 countries, generating expected revenue

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