More M&A: CWC Board OKs Liberty Offer

Nov. 17, 2015
The board of Caribbean and Latin American service provider Cable & Wireless Communications has agreed to the terms of an acquisition ...

The board of Caribbean and Latin American service provider Cable & Wireless Communications has agreed to the terms of an acquisition offer by Liberty Global (NASDAQ:LBTYA) for an overall price of approximately $8.2 billion. The transaction expected to be completed by calendar Q2 2016. Shareholder meetings will take place at the end of calendar Q1 or at the beginning of calendar Q2 2016 and completion is expected to take place shortly thereafter.

Sir Richard Lapthorne, chairman of CWC, commented in part, "While we remain confident that CWC's unique and highly attractive business has a substantial long-term growth opportunity ahead of it, we believe the recommended offer represents an attractive premium for shareholders and secures earlier delivery of our long-term value potential."

Liberty bought Puerto Rican cable operator Choice Cable TVlast December and is backing Charter Communications' (NASDAQ:CHTR) pending purchase of Time Warner Cable (NYSE:TWC) and Bright House Networks. CWC itself bought Columbus Communicationslast November.

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

The AI and ML Opportunity

Sept. 30, 2024
Join our AI and ML Opportunity webinar to explore how cutting-edge network infrastructure and innovative technologies can meet the soaring demands of AI memory and bandwidth, ...

How AI is driving new thinking in the optical industry

Sept. 30, 2024
Join us for an interactive roundtable webinar highlighting the results of an Endeavor Business Media survey to identify how optical technologies can support AI workflows by balancing...

On Topic: Optical Players Race to Stay Pace With the AI Revolution

Sept. 18, 2024
The optical industry is moving fast with new approaches to satisfying the ever-growing demand from hyperscalers, which are balancing growing bandwidth demands with power efficiency...

Advances in Fiber & Cable

Oct. 3, 2024
Attend this robust webinar where advancements in materials for greater durability and scalable solutions for future-proofing networks are discussed.