World VoIP NewsLGI completes acquisition of UnitymediaLGI completes acquisition of Unitymedia

LGI completes acquisition of Unitymedia


Voip, mobile network, licence, fibre-optic cable network, LTE
US-based cable company Liberty Global Inc (LGI) has announced it has completed the acquisition of German cableco Unitymedia, after it received regulatory approval earlier this week.
US-based cable company Liberty Global Inc (LGI) has announced it has completed the acquisition of German cableco Unitymedia, after it received regulatory approval earlier this week.

The acquisition involved total consideration of around EUR3.5 billion (USD4.92 billion). As reported by CommsUpdate, LGI entered into a definitive agreement to acquire 100% of the share capital of Unitymedia from private equity owners Finakabel Holdings/BC Partners and Apollo Management in November 2009.

Unitymedia passes 8.8 million households in the federal states of North Rhine-Westphalia and Hesse.


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