Liberty Completes Cable & Wireless Buy

May 16, 2016
Liberty Global (NASDAQ:LBTYA) has completed its acquisition of Caribbean and Latin American service provider Cable & Wireless ...
Liberty Global (NASDAQ:LBTYA) has completed its acquisition of Caribbean and Latin American service provider Cable & Wireless Communications in a transaction valued at approximately $7.4 billion.

The CWC business will be attributed to Liberty's Latin American and Caribbean group (the "LiLAC Group"). The combination of CWC and the LiLAC Group is expected to serve 10 million video, voice, broadband and mobile subscribers in more than 20 countries. The operations are expected to generate more than $3.5 billion of revenue on an annualized basis, and are expected to further consolidation in Latin America and the Caribbean.

Mike Fries, CEO of Liberty Global, said: "This is a big moment for us, and I couldn't be more excited about the potential of LiLAC and CWC together. We are joining two high-growth businesses in a region that is both underpenetrated and underserved in broadband, mobile data and pay TV services. By combining our operations, we are creating a unique and well-diversified Latin America and Caribbean investment vehicle, which we believe will enhance long-term equity value for our shareholders."

About the Author

BTR Staff

EDITORIAL
STEPHEN HARDY
Editorial Director and Associate Publisher
[email protected]
MATT VINCENT
Senior Editor
[email protected]
SALES
KRISTINE COLLINS
Business Solutions Manager
(312) 350-0452
[email protected]
JEAN LAUTER
Business Solutions Manager
(516) 695-3899
[email protected]

Sponsored Recommendations

New Optical Wavelength Service Trends

July 1, 2024
Discover how optical wavelength services are reshaping the telecom landscape, driven by rapid expansion and adoption of high-speed connections exceeding 100 Gbps, championed by...

Supporting 5G with Fiber

April 12, 2023
Network operators continue their 5G coverage expansion – which means they also continue to roll out fiber to support such initiatives. The articles in this Lightwave On ...

Data Center Interconnection

June 18, 2024
Join us for an interactive discussion on the growing data center interconnection market. Learn about the role of coherent pluggable optics, new connectivity technologies, and ...

The Pluggable Transceiver Revolution

May 30, 2024
Discover the revolution of pluggable transceivers in our upcoming webinar, where we delve into the advancements propelling 400G and 800G coherent optics. Learn how these innovations...