& cplSiteName &

Liberty Wraps Up OneLink Purchase

Light Reading
LR Cable News Wire Feed
Light Reading
11/9/2012
50%
50%

ENGLEWOOD, Colo. -- Liberty Global, Inc. (“Liberty Global” or “LGI”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announced that, following regulatory approval, it has consummated the previously announced agreement with investment funds affiliated with Searchlight Capital Partners, L.P. (collectively, “Searchlight”). Pursuant to this agreement, a subsidiary of LGI contributed its 100% interest in Liberty Cablevision of Puerto Rico LLC (“Liberty Puerto Rico”), and Searchlight contributed cash, to Leo Cable LP, an entity that, in turn, used the Searchlight cash to acquire 100% of the equity of San Juan Cable, LLC, doing business as OneLink Communications (“OneLink”).

Leo Cable LP is ultimately 60%-owned by LGI and 40%-owned by Searchlight. LGI will have a controlling financial interest in, and will consolidate, Leo Cable LP. The newly formed entity represents the largest cable operator on the island with homes passed of approximately 700,000 and revenue generating units (RGUs)1 approaching 500,000. LionTree Advisors and Scotiabank acted as financial advisors to Leo Cable LP and certain of its affiliates in this transaction.

Liberty Global Inc. (Nasdaq: LBTY)

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
September 25-27, 2018, Denver, Colorado
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Trump Says Foxconn Will Make iPhones in US
Dan Jones, Mobile Editor, 1/15/2018
Net Neutrality Moves Are as Futile as Trump's Comb-Over
Iain Morris, News Editor, 1/18/2018
Huawei, ZTE Face US Federal Ban
Iain Morris, News Editor, 1/15/2018
Ericsson Lurches to $1.8B Write-Down
Iain Morris, News Editor, 1/16/2018
Analyst: Verizon's Fixed 5G Is a Loss Leader for Mobile
Dan Jones, Mobile Editor, 1/16/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed