World VoIP NewsCorpGroup to buy VTR Stake for US 333 millionCorpGroup to buy VTR Stake for US 333 million

CorpGroup to buy VTR Stake for US 333 million


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Glass container producer, Cristalerias de Chile, is selling its 20% stake in cable TV and broadband provider, VTR, according to The Wall Street Journal.
Glass container producer, Cristalerias de Chile, is selling its 20% stake in cable TV and broadband provider, VTR, according to The Wall Street Journal.

CorpGroup, owned by the Chilean Saieh family, will pay USD333.2 million for the stake. The transaction will be paid in full in pesos on 19 May 2010, as per the agreement. The remainder of VTR is owned by Liberty Media through its international subsidiary, UnitedGlobalCom.


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